{"id":570134,"date":"2023-04-18T09:04:56","date_gmt":"2023-04-18T03:34:56","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=570134"},"modified":"2023-04-18T09:20:30","modified_gmt":"2023-04-18T03:50:30","slug":"wadia-group-likely-to-exit-loss-making-budget-carrier-go-first-report","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/wadia-group-likely-to-exit-loss-making-budget-carrier-go-first-report\/","title":{"rendered":"Wadia group likely to exit loss-making budget carrier Go First: Report"},"content":{"rendered":"<p>Wadia group has begun talks to either sell a significant stake in or completely exit the budget carrier Go First, a report by The Economic Times (ET) said. The airline reported its highest annual financial loss in 2021-22 and has been facing operational issues. <\/p>\n<p>In the past few months, Go First&#8217;s over half aircraft have been grounded due to supply chain disruptions due to Pratt &amp; Whitney (P&amp;W) engines.<\/p>\n<p>In an otherwise upbeat domestic aviation market, Go First has lost a significant amount of money lately. Initially, it availed of Rs 600 crore under the Centre&#8217;s Emergency Credit Line Guarantee Scheme (ECLGS). Separately, Wadia Group infused Rs 3,000 crore over the past 15 months in the airline.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Wadia group has begun talks to either sell a significant stake in or completely exit the budget carrier Go First, a report by The Economic Times (ET) said. The airline reported its highest annual financial loss in 2021-22 and has been facing operational issues. In the past few months, Go First&#8217;s over half aircraft have been grounded due to supply chain disruptions due to Pratt &amp; Whitney (P&amp;W) engines. In an otherwise upbeat domestic aviation market, Go First has lost a significant amount of money lately. Initially, it availed of Rs 600 crore under the Centre&#8217;s Emergency Credit Line Guarantee [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,167,130],"tags":[],"class_list":["post-570134","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-civil-aviation-business-standard-newspapers","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/570134","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=570134"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/570134\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=570134"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=570134"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=570134"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}