How a US Giant Bankrupted GoAir: The Story of GoAir's Bankruptcy | BISBO

How a US Giant Bankrupted GoAir: The Story of GoAir's Bankruptcy | BISBO
Welcome to our channel! In this video, we unravel the intriguing story of how a giant US corporation played a pivotal role in the bankruptcy of GoAir, one of India’s prominent low-cost airlines. The aviation industry is no stranger to turbulence, but the downfall of GoAir is a cautionary tale of corporate dynamics, financial strategies, and market pressures.
We delve into the critical events leading up to GoAir's financial collapse, examining the strategic missteps, competitive landscape, and the influence of the US corporation's business decisions. We'll explore how GoAir, once a rising star in the Indian aviation sector, found itself grappling with insurmountable financial challenges and eventually declared bankruptcy.
Through expert analysis, industry insights, and detailed case study, this video provides a comprehensive understanding of the complex factors that contributed to GoAir's demise. Whether you're interested in aviation, business strategies, or corporate finance, this video offers valuable lessons on the impact of global business operations on local enterprises.
Sources:
Economic Times
To Take Off, Go Air Must Get Relief from Singapore Court; Joel Rebello & Arindam Majumder; July 4, 2023
Wadia Co May Take Centre Stage asGo First’s Bankers Face Off; May 31, 2023
Big 4 auditors eye Go First’s resolution professional job; Mohit Bhalla; May 24, 2023
Go’s suspended board files caveats against lessors; May 24, 2023
Jeh Wadia No Longer on GoAir Board; May 16, 2021
GoAir Charting A New Course; Anirban Chowdhury & Mihir Mishra; May 8, 2021
Mint
Go First may return to skies with CFM-powered A320s; Anu Sharma & Mihir Mishra; July 4, 2023
‘Airlines still emerging from the blow of covid pandemic’; Anu Sharma; June 27, 2023
Wadias to sue PW: Anu Sharma & Mihir Mishra; June 20, 2023
Why Nusli Wadia’s sons couldn’t save Go First; Mihir Mishra & Varun Sood; May 26, 2023
Jeh Wadia leaves boards of Bombay Burmah, Britannia; Varun Sood; Aug 25, 2021
Business Standard
Battle for skies: Tatas kick-start Air India fleet expansion via leasing; Deepak Patel & Aneesh Phadnis; Sep 12 2022
Business Today
How GoAir managed to stay profitable when most rivals lost money; Manu Kaushik; Jan 10, 2015
Zee News
Go First Crisis Explained: Here's How The Airline Became 11th Carrier To Fail In A Decade; May 21, 2023
BBC News
Go First: What went wrong with the Indian airline? Archana Shukla; May 5, 2023
The Week
Tricky embrace; Sanjib KR Baruah; June 25, 2023
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