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Busy Bee offered ₹1,000 crore for Go First's trademarks and licenses in March 2024.
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Former EaseMyTrip CEO had earlier bid ₹1,800 crore for Go First's intellectual property.
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Busy Bee seeks to acquire brand rights and digital assets, excluding Go First's Thane land parcel.
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FlyDubai, owned by Investment Corporation of Dubai, aims to enter Indian aviation via this partnership.
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Pran Sathiadasan, FlyDubai's Southeast Asia commercial director, founded Busy Bee.
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India permits 100% FDI in aviation, with government approval needed beyond 49% stake.
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NRIs can own 100% stake through automatic route, whilst foreign airlines are limited to 49%.
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The partnership aims to enhance competition and connectivity in India's growing aviation sector.
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Are you looking forward to the launch of this new airline?
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