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Pratt & Whitney – ‘Go First has a long history of missing payments’
Go First that filed for voluntary insolvency proceedings reportedly owes $798 million to financial creditors. In a recent filing the airline claimed that it had not defaulted on any of these dues till April 30, but defaults to financial creditors in the future are imminent. As per the filing, Central Bank of India, Bank of Baroda, IDBI Bank, Axis Bank and Deutsche Bank are the airline’s financial creditors. They are now likely to meet soon and take stock of the situation. GO First’s total liabilities to all creditors, including banks, financial institutions, vendors and aircraft lessors, is $1.3 billion. As
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