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Search resuls for: "Ness Wadia"


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BENGALURU, July 10 (Reuters) - India's Go Airlines (India) Ltd has invited investor interest in the company through a court-appointed administrator as part of the carrier's ongoing insolvency, a newspaper advertisement showed on Monday. Two bankers aware of the developments told Reuters on Monday that they expect Indian conglomerate Wadia Group - which used to own Go Airlines before it started bankruptcy proceedings - to be part of its insolvency process. Go Airlines and Wadia Group's Ness Wadia did not immediately respond to a Reuters request for comment. "They (Wadia Group) are not disqualified by law to bid for the airline because there has technically been no default," this banker said. Right after the bankruptcy filing, the airline's then chief executive had told Reuters that the Wadia Group was completely committed to the company.
Persons: Ness Wadia, Whitney, Yagnoseni Das, Rama Venkat, Nivedita Organizations: Go Airlines, Wadia, Airbus, Reuters, Wadia Group, Thomson Locations: BENGALURU, India, Bengaluru, Siddhi Nayak, Mumbai
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