Go First takes an additional loan of $49 million to restore operational efficiency

Go First, India’s Low-Cost Carrier (LCC), has taken a loan of $49 million to restore operational efficiency. The airline is expecting delivery of 16 Pratt & Whitney engines in the next few weeks to bring its grounded fleet back in service. This loan is a part of the Indian government’s Emergency Credit Line Guarantee Scheme (ECLGS), which offers financial assistance to airlines hit by the pandemic. Go First is currently grappling with the issue of grounding almost 25 planes due to the non-availability of Pratt & Whitney (P&W) engines that power its A320 fleet. “The airline is currently in talks