Lenders to India's Go First vote for liquidating airline, sources say
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Aug 05 2024
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Source: Reuters
Liquidation Decision: Lenders to India's Go First airline have opted for liquidation of the company's assets after rejecting bids from potential buyers, citing that further financial support would not be sensible given the circumstances.
Financial Obligations: Go First is in debt to creditors amounting to 65.21 billion rupees ($781.14 million), with complications arising from foreign aircraft lessors attempting to reclaim planes due to a court-imposed moratorium.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
