Prime Time Zone, Webdesk: Domestic carrier GoAir receives Rs. 800 crore credit line seems to have been received. These funds will help alleviate the financial stress caused by the corona epidemic. According to banking sources, Budget Career Go Air has applied for a loan restructuring scheme announced by the Reserve Bank of India (RBI) in August 2020. GoAir does not have to restructure its debts with the latest credit line in this order. It seems that these funds will be enough for GoAir for the next two years.
The loan was extended to GoAir under the Emergency Credit Line Guarantee Scheme 2.0 as part of the Atma Nirbhar Package 3.0 announced in November last year. 700 crore to Rs. Extended to 800 crores. According to India Ratings and Research, GoAir’s total debt stood at Rs. 1,780.6 crores. Total debt by the end of August 2020 stood at Rs. 2,027.61 crores.
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