Go First Faces Liquidation

Go First, a well-known budget airline in India, is on the brink of liquidation after failing to attract a buyer to rescue it from financial distress. The airline, which has been grappling with severe financial challenges exacerbated by the COVID-19 pandemic, has been unable to stabilize its operations. Despite efforts to restructure and find investors, Go First's financial troubles proved insurmountable, leading to the decision to liquidate. This marks a significant downturn for the airline, which had once been a major player in the budget travel sector in India. The liquidation process will involve settling debts and obligations to creditors, further impacting the aviation market in India and leaving a gap in the budget travel segment