close

Go First has access to Rs 300 cr, will start ops at the earliest: Exec

Wadias infused Rs 290 cr in the airline in April. Under the Emergency Credit Line Guarantee Scheme, the airline can draw an equivalent amount in loans from banks

Dev ChatterjeeAneesh Phadnis Mumbai
Go First
Premium

Listen to This Article

Go First has access to around Rs 300 crore of funds and expects to start operations as soon as possible.
The Wadia-group airline's plea for insolvency was admitted on May 10 and Abhilash Pal was appointed as interim resolution professional.
Pal has already invited claims from creditors which will be received by May 23. A business plan too is being prepared.
Or

Also Read

Wadia Group company took $300 million loan from Deutsche Bank: Report

Nusli Wadia-owned Go First to receive Rs 600 crore more by April end

Wadia Group to invest Rs 510 cr in Go First to meet working capital needs

Wadia group likely to exit loss-making budget carrier Go First: Report

Go First losses exceed combined profit of listed Wadia group firms

IL&FS transfers Pune Sholapur Road asset to Invit at value of Rs 2,000 cr

Electric E2W manufacturer Hero Electric to go public by FY26: CEO

ELGI Sauer Compressors sets new manufacturing unit to produce compressors

Indian aviation mkt 'booming'; to expand routes with IndiGo: Air France-KLM

Premium smartphone sales soar as Amazon India bets on 5G, tier-2+ markets

First Published: May 14 2023 | 6:53 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers. Already a BS Premium subscriber?LOGIN NOW

Register to read more on Business-Standard.com