Go First's lenders seek investor bids by January 31: Report

: Lenders to Go First have set January 31 as the deadline for financial bids to acquire the airline, two banking sources said on Sunday. filed for in May but lenders have more recently been considering liquidating the airline after failing to secure new investors. "Banks have decided to give the resolution process another go and allow those suitors who have shown prior interest a chance to submit a concrete bid," said a banker with a state run bank that has exposure to Go First.

Indian carrier SpiceJet said last month that it was considering an offer for Go First after conducting due diligence. Sharjah, UAE based Sky One, Africa focused Safrik Investments and US based NS Aviation have also shown interest in Go First, the two sources said. Sky One, Safrik Investments and NS Aviation did not immediately respond to requests for comment.

The second banker said the Committee of Creditors could also consider extending the month end deadline at the request of a potential suitor. Neither of the sources wished to be identified as they are not authorised to speak to the media. Go First's resolution professional, who conducts the insolvency process, did not immediately respond to a request for comment.

Go First's bankruptcy filing lists Central Bank of India , Bank of Baroda, IDBI Bank and Deutsche Bank among creditors to which the carrier owes a total of 65.21 billion rupees. Livemint tops charts as the fastest growing news website in the world to know more. Unlock a world of Benefits! From insightful newsletters to real time stock tracking, breaking news and a personalized newsfeed – it's all here, just a click away!.