Go First Further Indulges in a Government Loan Program for $49 Million
In accordance with the Emergency Credit Line Guarantee Scheme of the Indian government, Go First has obtained a loan for $49 million. In accordance with this unique programme that was announced during the COVID outbreak, the government agreed to raise the credit limit for the aviation industry in October.
Highlights
- Go First has already borrowed at least $100 million
- Airline received close to a 28 billion yen ($342 million) capital infusion
- An increase in recent flight cancellations and delays has had an impact on Go First
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