News > EaseMyTrip withdraws GoFirst bid to focus on core growth areas: CEO

EaseMyTrip withdraws GoFirst bid to focus on core growth areas: CEO

25/05/2024 11:30 PM | Click to read full article

EaseMyTrip posted a net loss of Rs 15 crore for Q4 FY24, primarily owing to substantial write-offs related to now-bankrupt Go Airlines (India) Ltd, also known as GoFirst. The Q4 loss occurred after the travel company wrote off amounts recoverable from GoFirst after the holding company assessed that the chances of recovery are "remote in the pending dispute resolution proceedings of the airline at National Company Law Tribunal, Delhi Bench".

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