Go First CEO Kaushik Khona has resigned from the airline after it failed to attract any bidders to revive the company, which has been grounded since May. The airline, owned by the Wadia Group, filed for voluntary bankruptcy. Jindal Power had initially expressed interest in the airline, but after the government issued a notice exempting aircraft and engines from a moratorium under the Insolvency and Bankruptcy Code, Jindal did not see value in the airline without primary assets like aircraft.
