{"id":570709,"date":"2023-04-20T09:14:05","date_gmt":"2023-04-20T03:44:05","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=570709"},"modified":"2023-04-20T09:41:05","modified_gmt":"2023-04-20T04:11:05","slug":"go-first-now-open-for-partnerships-wadias-not-exiting-aviation-biz","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/go-first-now-open-for-partnerships-wadias-not-exiting-aviation-biz\/","title":{"rendered":"Go First now open for partnerships; Wadias not exiting aviation biz"},"content":{"rendered":"<p>Wadia Group-owned Go First is open for partnerships but its promoters are not looking to exit from the loss-making aviation business, according to an airline source.<\/p>\n<p>The no-frills airline, beset with engine woes, is estimated to have incurred a loss of Rs 1,800 crore in 2022-23, and expects around Rs 600 crore fund infusion in the coming weeks, according to the source closely involved in the management of the carrier.<\/p>\n<p>The airline, which was cornering an 8-10 per cent market share for many months, saw it slipping to 6.9 per cent in March as a good chunk of its aircraft fleet remains grounded.<\/p>\n<p>We can obviously evaluate a good partnership but it does not mean that we are out to sell &#8230;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Wadia Group-owned Go First is open for partnerships but its promoters are not looking to exit from the loss-making aviation business, according to an airline source. The no-frills airline, beset with engine woes, is estimated to have incurred a loss of Rs 1,800 crore in 2022-23, and expects around Rs 600 crore fund infusion in the coming weeks, according to the source closely involved in the management of the carrier. The airline, which was cornering an 8-10 per cent market share for many months, saw it slipping to 6.9 per cent in March as a good chunk of its aircraft [&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-570709","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\/570709","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=570709"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/570709\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=570709"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=570709"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=570709"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}