Go First lenders reportedly vote for liquidation

Troubled Indian airline Go First’s lenders have reportedly voted to liquidate the company’s assets after bids from interested parties were rejected, according to Reuters. The outlet cited two banking sources that could not be named. After filing for bankruptcy in May 2023, two potential investors had submitted bids for the airline. The bidders were reportedly given time to review and raise their bids but didn’t meet the lenders’ expectations. One source had told Reuters that liquidation was the next logical step in order to relieve the cost pressures related to the insolvency process. The liquidation process is set to begin after “all legal