India's Go First bankruptcy seen helping rivals, boosting airfares
Shares of IndiGo rose by more than 8% on Wednesday
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Shares of IndiGo rose by more than 8% on Wednesday
The insolvency proceedings were aimed at reviving the airline and not selling it
In a capacity-constrained environment, IndiGo will have stronger yields as well as increasing leverage with OEMs of engines and planes, CLSA has said
Cash-strapped Indian airline Go Airlines (India) Ltd, recently rebranded as Go First and previously as Go Air, filed for bankruptcy on Tuesday, blaming "faulty" Pratt & Whitney engines for the grounding of about half its fleet.
BENGALURU, May 3 (Reuters) - Go Airlines (India) Ltd owner Wadia Group is fully committed to the airline and has no plans to exit, the airline's chief