Indian airline Go First, which filed for bankruptcy on Tuesday, owes financial creditors Rs 6,521 crore ($798 million), its bankruptcy filing showed.
As of April 30, Go First Air had not defaulted on any of these dues, it said in the filing, which was seen by Reuters.
“However, considering the present financial situation of the corporate applicant, defaults to financial creditors would be imminent,” the filing said.
Lenders were not aware of the airline’s plans to file for voluntary insolvency and will meet soon to take stock of the situation, said two people familiar with the matter.
