India's Go First airline gets bankruptcy protection, moratorium placed on leases

India's Go First airline gets bankruptcy protection, moratorium placed on leases

FILE PHOTO: Empty seats are seen at a Go First ticketing counter at the Chhatrapati Shivaji International Airport in Mumbai, India, May 3, 2023. REUTERS/Francis Mascarenhas

An Indian tribunal on Wednesday granted bankruptcy protection to Go Airlines (India) Ltd, a move that will help the country’s fourth-largest carrier attempt to revive itself but complicate foreign lessors’ efforts to repossess their planes.