Insolvent Go Air Seeks Initial Interest From Potential Buyers

The insolvency administrator of Go Airlines India Ltd. is seeking initial bids from prospective investors willing to revive the grounded carrier.

Expressions of interest must be submitted by Aug. 9, Shailendra Ajmera, the airline’s resolution professional, said in a notice published in the local newspaper Economic Times on Monday. A shortlist of applicants will be issued on Aug. 19, while any objections to the selected candidates have to come in by the end of the following week.

For Go, helmed by billionaire Nusli Wadia’s conglomerate, the move could potentially lead to a change in ownership. Jet Airways India Ltd. ...