FlyDubai Looks to GoFirst for Indian Market Entry

UAE-based low-cost carrier FlyDubai has been looking at the acquisition of Indian airline GoFirst, reports Business Standard.

The move would be collaborative with Busy Bee Airways, in order to revive the brand. The company has claimed to have no interest in purchasing physical assets, such as aircraft or GoFirst’s large plot of land near Mumbai, but rather the branding and airport slots.

GoFirst, which filed for Bankruptcy in 2023, has faced offers from Busy Bee before. They originally offered to purchase the airline in March 2024, however withdrew their proposal, before citing that it could still be on offer. Now, the move looks more possible in a joint effort with FlyDubai.

GoFirst was originally founded in 2005, competing in the domestic market with airlines such as SpiceJet and Air India Express. It was the first airline to voluntarily seek bankruptcy in India and blamed American engine manufacturer Pratt and Whitney for its downfall.

The offer currently stands at 10 Billion Rupees ($115 Million) for the complete purchase. Currently, according to the Indian government’s regulations, while 100% foreign investments in the Indian aviation industry are legal, any offer over 49% is subject to government approval and intense scrutiny.

This means that Busy Bee is currently waiting for approval from the NCLAT (National Company Law Appellate Tribunal) in order for the deal to go ahead.

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Sam Jakobi

Sam Jakobi is a young aviation journalist based in London, U.K. A lifelong Airbus fan, he has adored aviation for as long as he can remember. Sam writes articles and conducts interviews with members of the aviation community.

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