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Expression of Interest sought in Go Airlines possible sale
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Go Airlines (India) Ltd has invited Expression of Interest for the sale of the carrier as part of the process, an advertisement in ET showed on Monday. According to the advertisement, the last date for receipt of interest for the airline is set for Aug.
9. The airline, branded Go First, stopped flying and appealed for insolvency proceedings in the National Company Law Tribunal (NCLT) on May 2 due to cash problems and after it had to ground more than half of its 54 planes because of supply issues from the American engine maker.
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