Go First Lenders To Vote on Potential Liquidation of Airline
After a failed attempt at soliciting bids for Go First, the airline’s lenders are now considering a liquidation bid. This makes the airline’s return increasingly unlikely.
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Indian Low-Cost Carrier Go First Files for Bankruptcy
Go Airlines of India, branded as “GO FIRST” has voluntarily filed for resolution and protections with the National Company Law Tribunal in New Delhi. The low-cost carrier has filed for the same under Section 10 of the Insolvency Bankruptcy Code (IBC). The 55-aircraft-strong carrier had to take the step owing to financial and operational problems […]
