{"id":615981,"date":"2023-11-08T09:40:27","date_gmt":"2023-11-08T04:10:27","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=615981"},"modified":"2023-11-08T10:21:40","modified_gmt":"2023-11-08T04:51:40","slug":"go-firsts-woes-mount-lenders-hesitation-and-legal-complexities-cloud-airlines-funding-prospects","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/go-firsts-woes-mount-lenders-hesitation-and-legal-complexities-cloud-airlines-funding-prospects\/","title":{"rendered":"Go First\u2019s woes mount! Lenders\u2019 hesitation and legal complexities cloud airline\u2019s funding prospects"},"content":{"rendered":"<p>Lenders to India\u2019s Go First remain hesitant to disburse additional funding to the grounded airline. This reluctance is attributed to the airline\u2019s ongoing legal issues with lessors and the complexities surrounding recent changes in bankruptcy law, as conveyed by two banking sources to Reuters on Monday. <\/p>\n<p>In June, Go First\u2019s lenders, including the Central Bank of India, Bank of Baroda, IDBI Bank, and Deutsche Bank, had provisionally approved funding amounting to 4.50 billion rupees ($54.09 million) with the intention of resuming operations and reviving the airline.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Lenders to India\u2019s Go First remain hesitant to disburse additional funding to the grounded airline. This reluctance is attributed to the airline\u2019s ongoing legal issues with lessors and the complexities surrounding recent changes in bankruptcy law, as conveyed by two banking sources to Reuters on Monday. In June, Go First\u2019s lenders, including the Central Bank of India, Bank of Baroda, IDBI Bank, and Deutsche Bank, had provisionally approved funding amounting to 4.50 billion rupees ($54.09 million) with the intention of resuming operations and reviving 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":[196,130,138],"tags":[],"class_list":["post-615981","post","type-post","status-publish","format-standard","hentry","category-civil-aviation-the-financial-express","category-newspapers","category-the-financial-express"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/615981","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=615981"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/615981\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=615981"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=615981"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=615981"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}