Go First Bankruptcy: Watch Out for These 5 StocksAs Go First files for bankruptcy, airline stocks appear to be the biggest beneficiaries amid rising airfares. Find out other stocks that may be impacted.
Go First BankruptcyHere’s an extract…
On Tuesday, the Wadia group-company said it has filed for insolvency resolution and can no longer continue to meet financial obligations.
It blamed US company Pratt & Whitney's "faulty engines" for grounding 50% of its fleet.
The company’s CEO informed yesterday that the airline has filed an application for voluntary insolvency resolution proceedings before the National Company Law Tribunal (NCLT).
Which companies will be badly impacted and which ones stand to benefit?
Read on for more…
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