The airline’s lenders could vote on a proposal to liquidate the insolvent airline as early as this week, Moneycontrol has learnt. With this, another domestic airline’s days are set to come to an end
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Go First airline gets 90-day extension for Corporate Insolvency Resolution Process, facing challenges, legal disputes, and expressions of interest for resolution., , Go First, Go First airlines
"There are only two options, either liquidation or extend the resolution timeline in the hope of finding a buyer. Lenders are inclined toward liquidation since it is unlikely that this airline will find any buyers due to the legal and operational issues it is facing," said a person familiar with the process.