Lenders Set to Seek Bids for Bankrupt Go First
Go First has faced financial challenges, leading to insolvency proceedings, and the move to seek bids underscores the efforts to revive and sustain the airline. Lenders, including creditors and financial institutions, are actively involved in the process, and the outcome of the bidding will play a pivotal role in determining the new ownership structure and the airline's path forward. This development is closely watched by stakeholders, including employees, investors, and the aviation industry at large, as it holds implications for the competitive landscape and the broader dynamics of the Indian aviation sector.