Home Posts tagged Jindal Power
Aviation Top Stories
Jindal Power has decided not to go ahead with its plan to bid for Go First, which is undergoing an insolvency resolution process, according to industry sources. Budget carrier Go First stopped flying in early May and filed for voluntary bankruptcy proceedings amid financial woes, mainly triggered by engine issues. Jindal Power has decided not […]Continue Reading
Aviation Top Stories
Naveen Jindal-backed Jindal Power Ltd (JPL) has submitted the sole expression of interest (EoI) for Go First. The Wadia-group airline suspended operations in May due to a cash crunch resulting from defective aircraft engines. In July, Shailendra Ajmera, the airline’s resolution applicant, called for expressions of interest from interested parties to take over the airline. Continue Reading
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