Go First Bankruptcy Explained | What Will Go First Do | Law on Bankruptcy

Описание: Go First, which has been flying for more than 17 years, carried 30 lakh domestic passengers in the first quarter of this year and had a market share of 7.8 per cent.
With a total investment of ₹6,500 crores, the airline has filed for voluntary insolvency under section 10 of the Insolvency and Bankruptcy Code, 2016
The Airline has left its 3000+ employees wondering about what to do next. Its passengers are furious for spoiling their trips in uninformed
But this is not the first airline which has witnessed this fall, before this it was Air Sahara, Jet Airways, Kingfisher Airlines, Paramount Airways and Vayudoot Airlines
Go First’s total debt to financial creditors is 65.21 billion rupees

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Timestamps:
0:00 Why will Airfares rise?
0:46 Bankruptcy Explained
3:21 Reasons for Go First Bankruptcy
5:08 Why is Go First in Trouble Now?
7:01 Liabilities of Go First
10:00 How can Go First be Saved

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