The Resolution Professional (RP) of Go First on Monday invited expressions of interest (EoI) for the beleaguered airline.
The deadline to submit the EoIs is August 9, while the final list of eligible prospective resolution applicants (RPAs) will be declared on August 19, Go First RP, Shailendra Ajmera, said in a public notice on Monday.
The notice added that the last date for the submission of objections to the provisional list is August 24.
It is learnt that the Wadias are likely to submit an EoI for the no-frills carrier which stopped operations on May 3.
The airline had filed for initiating voluntary insolvency proceedings at the National Company Law Tribunal (NCLT). It had blamed the non-supply of engines by US-based Pratt & Whitney for its plight.
The airline has about 4,200 employees, according to the notice. It clocked a revenue of Rs 4,183 crore from operations in the financial year ended March 2022. It had liabilities worth Rs 11,463 crore in its balance sheet.
Last month, a Committee of Creditors (CoC) comprising Central Bank of India, Bank of Baroda, IDBI Bank, and Deutsche Bank, was set up to expedite the sale process.
The carrier had then submitted a CoC-approved revival plan to the directorate-general of civil aviation (DGCA) for its approval. The nod from the regulator is a must for the airline to restart operations.
The DGCA ordered a special safety audit by a team of its experts, which was carried out across its facilities in Mumbai and Delhi from July 4-6.
