Jindal Power declines bid for Go First

Low-cost Indian airline Go First could be left without a buyer as India’s Jindal Power has failed to make a bid, despite an expression of interest having initially been accepted by creditors. Once the country’s fifth largest scheduled airline, Go First filed for voluntary insolvency in May 2023, citing operational issues compounded by problems with the Pratt & Whitney GTF engines grounding about half its fleet of A320neos. According to Reuters, the airline had received claims worth 240 billion rupees ($2.9 billion) from operational and financial creditors as of July. However, with the deadline to submit takeover bids ending on