Panel of creditors to decide on GoAir liquidation this week

The GoAir revival saga may soon come to an end as the Committee of Creditors (CoC) decides whether to opt for liquidation or invite a second round of expression of interest (EOI). The airline, owned by the Wadia Group, stopped flying in May 2023 and filed for voluntary insolvency. With the 270-day deadline approaching, the chances of a second round of EOI seem unlikely. The fate of the aircraft and engines, excluded from assets under the Insolvency and Bankruptcy Code, is yet to be decided by the courts.

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