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Go First seeks urgent funding of INR 100cr to stay afloat

By TBM Staff - Mumbai Monday, 14 August 2023, 10:00 AM 569

The resolution professional of Go First has sought an urgent funding of INR 100 crore from lenders to keep it afloat by meeting its mandatory liabilities such as insurance, people aware of the matter have told ET. This emergency funding will be used for critical expenses such as insurance and repairs, RP Shailendra Ajmera, backed […]Continue Reading

Aviation Top Stories

Go First to contest HC order allowing lessors to access the aircraft

By TBM Staff - Mumbai Friday, 7 July 2023, 11:30 AM 999

Grounded carrier Go First is undergoing insolvency resolution proceedings, and its lessors have approached the Delhi High Court seeking directions to release the leased aircraft. The lessors claimed that Go First was in default of its rental payment obligations under the lease agreements. On July 5, the Delhi High Court passed an interim order in […]Continue Reading