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BLOOMBERG
Shortly after reporting a quarterly loss, SpiceJet Ltd has announced it is considering acquiring the insolvent Go Airlines India Ltd, which stopped flying in May, with a goal of possibly combining the two airlines.
The no-frills carrier is planning to submit an offer after conducting due diligence of Go, it said in a stock exchange filing on Tuesday. SpiceJet intends to create a “strong and viable airline in a possible combination” with itself.