flydubai To Acquire Go First In Partnership With Busy Bee; Offer Made For ₹1,000 Crore

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Busy Bee offered ₹1,000 crore for Go First's trademarks and licenses in March 2024.

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₹1,000 crore

Former EaseMyTrip CEO had earlier bid ₹1,800 crore for Go First's intellectual property.

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 Former EaseMyTrip CEO

Busy Bee seeks to acquire brand rights and digital assets, excluding Go First's Thane land parcel.

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Thane land parcel

FlyDubai, owned by Investment Corporation of Dubai, aims to enter Indian aviation via this partnership.

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Investment Corporation of Dubai

Pran Sathiadasan, FlyDubai's Southeast Asia commercial director, founded Busy Bee.

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FlyDubai's Southeast Asia

India permits 100% FDI in aviation, with government approval needed beyond 49% stake.

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100% FDI in aviation

NRIs can own 100% stake through automatic route, whilst foreign airlines are limited to 49%.

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100% stake

The partnership aims to enhance competition and connectivity in India's growing aviation sector.

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Competition and connectivity

Are you looking forward to the launch of this new airline?

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