Go First lenders are likely to support the airline’s request for Rs 400 crore interim funding to restart the operations.<\/p>\n
Go First temporarily halted operations on May 2 and was admitted under the insolvency process on May 10. On Wednesday, the airline’s resolution professional Shailendra Ajmera submitted a business plan and a request for over Rs 400 crore to the airline’s committee of creditors (CoC). <\/p>\n
The CoC comprises Go First’s lenders – Bank of Baroda, Central Bank, Deutsche Bank and IDBI Bank – which collectively have an exposure of over Rs 6500 crore to the airline.<\/p>\n","protected":false},"excerpt":{"rendered":"
Go First lenders are likely to support the airline’s request for Rs 400 crore interim funding to restart the operations. Go First temporarily halted operations on May 2 and was admitted under the insolvency process on May 10. On Wednesday, the airline’s resolution professional Shailendra Ajmera submitted a business plan and a request for over Rs 400 crore to the airline’s committee of creditors (CoC). The CoC comprises Go First’s lenders – Bank of Baroda, Central Bank, Deutsche Bank and IDBI Bank – which collectively have an exposure of over Rs 6500 crore to the airline.<\/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-586863","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\/586863","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=586863"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/586863\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=586863"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=586863"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=586863"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}