Go First Files For Bankruptcy |
Автор: Mangesh Shinde Shorts
Загружено: 2023-05-09
Просмотров: 417853
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How Go First Went Bankrupt?
The 287-year-old Wadia Group, which owns Britannia and has 9 companies, started an airline called Go First in 2005.
However, the airline faced problems when its P&W engines started failing in 2018, and the number of grounded planes increased to 50% by 2023, causing a loss of 2700 crores and a debt of 6500 crores.
With no money left, Go First is shutting down.
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