India, May 25 -- Go First faced another setback after one of its bidders, EaseMyTrip, announced the withdrawal of its bid. The defunct airline had 54 aircraft in its fleet that have been grounded since May 3 last year. Earlier this month, the Directorate General of Civil Aviation (DGCA) de-registered all its 54 aircraft.

Go First, which filed for bankruptcy in May last year, had received two financial bids as part of its bankruptcy process. SpiceJet chairman and managing director Ajay Singh submitted a bid along with Busy Bee Aviation Pvt. Ltd, in which EaseMyTrip has a 51% stake. Sharjah-based Sky One Aviation also bid for the airline.

On Saturday, EaseMyTrip's founder and CEO Nishant Pitti said the company has decided to withdraw its ...