MUMBAI (Reuters) – Lenders to India’s Go First will meet later this week to discuss options for the bankrupt airline, including liquidation, after a court order allowed lessors of the aircraft to take back their planes, two bankers with Go First’s creditors said on Tuesday.
“There is no value left in the airline after the court order and chances of revival seem very grim,” one of the bankers said.
Go First’s resolution professional did not immediately respond to a Reuters’ email seeking comment.
The airline owes a total of 65.21 billion rupees ($780.88 million) to its creditors, which include Central Bank of India, Bank of Baroda, IDBI Bank…
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Lenders to India’s Go First weigh liquidation after court order on planes, sources say
