Go First, which filed for bankruptcy in May 2023, had a 6.9% market share in India’s aviation sector at the time. However, the airline’s assets were effectively wiped out after the Delhi High Court allowed lessors to repossess its fleet of 54 planes.
While GoFirst is the second major airline to get grounded in the last 6 years, along with Jet Airways, there is likely no major impact on sentiments for the sector. India’s aviation growth story remains intact on the back of robust domestic demand and expansion by players like Air India, Indigo, and Akasa. Indian airlines have over 1500 aircraft on order, and the sector is set to grow.
Experts believe the government needs to…
