Go First Bankruptcy: SpiceJet to Fly 25 of Its Grounded Planes with Rs. 400 Crore Funding
As Go First announces bankruptcy, another leading airline – SpiceJet has strategized to bring back 25 of its planes, which were earlier out-of-service. The Emergency Credit Line Guarantee Scheme (ECLGS) will finance the expense of reviving the planes. The support is provided by the government to enhance the flow of cash.