Go First expecting another cash infusion from Government’s credit scheme

Go First is expecting an infusion of INR 2100 million under the Indian Government’s credit line guarantee scheme next month as the airline is planning to expand its operation and boost its financial position. So far Go First has availed INR 6 bn from the Government’s Emergency Credit Line Guarantee Scheme (ECLGS). The airline recently received INR 2100 million from its promoters last month. Apart from struggling financially due to pandemic headwinds and intense competition, the airline had to ground several of its aircraft due to shortage of Pratt & Whitney engines. However, the airline claims that this issue is