Tata and IndiGo Prepare to Swoop on Go Air’s Aviation Assets
- Indian authorities have told Go Air to stop selling tickets
- Clamor for planes, slots may complicate restructuring effort
Go Airlines Ltd. aircraft at Indira Gandhi International Airport in New Delhi, India.
Photographer: T. Narayan/BloombergThis article is for subscribers only.
India’s biggest conglomerate and largest airline are in talks to take Airbus SE planes from Go Airlines India Ltd. after the carrier filed for insolvency protection and was ordered to stop selling tickets.
Tata Group and IndiGo are holding separate negotiations with Go Air’s lessors, as well as discussing landing and parking slots with airport operators, including in New Delhi and Mumbai, according to people familiar with the matter. Go Air’s lessors are seeking to repossess 36 aircraft, filings with India’s aviation regulator show.