GO First promoters refute rumours of exiting airline business

Go First Airlines has refuted the rumours that it was planning to exit the aviation business amid a cash crunch. Speaking to ANI, a top official of Go First Airlines said: “We have no plans to shed stake or exit the aviation business. Our promoters are committed to the business and are infusing further funds in the form of equity. The the carrier was very confident of receiving INR 6000 million in the form of promoter equity and bank loan by the end of April 2023.” “This would help us meet our immediate capital requirements. The Wadia family and the