India's Go First Airways owes financial creditors $798m, filing shows

Indian budget carrier Go Airlines, which filed for bankruptcy on Tuesday, owes financial creditors 65.21b rupees ($798m), its bankruptcy filing showed. The company, which operates the Go First airline, had not defaulted on any of these dues as of April 30, it said in the filing, which was seen by Reuters. "However, considering the present financial situation of the corporate applicant, defaults to financial creditors would be imminent," the filing said. Lenders were not aware of the airline's plans to file for voluntary insolvency and will meet soon to take stock of the situation, said two people familiar with the matter. They spoke on condition of anonymity as they are not allowed to speak to the media.<br/>