Go First Bankruptcy - is it a good strategy for airline industry.
- Viaan
- Jul 9, 2023
- 1 min read
S. Baskar
Senior Financial Analyst
The Mumbai headquartered low-fare airline, Go first has field voluntary insolvency plea on May 02, 2023 With national company law tribunal (NCLT)
On may 10, 2023 NCLT admitted the petition and granted Go first (formerly known as Go Air), Protection under moratorium from recovery of loan and dues by banks and lessors.
Cost Structure of Airline Industry:
The infographics will typically represent the cost structure of most airline companies operating in india.
Resilience has been the hallmark for airlines in the covid-19 crisis. As we look to 2023, the financial recovery will take shape with a first industry profit since 2019.
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