Indian airline Go First, which filed for bankruptcy on Tuesday, owes financial creditors 65.21 billion Indian rupees ($798 million), its bankruptcy filing showed.
The Central Bank of India and Bank of Baroda have an exposure of 13 billion rupees, respectively under a consortium loan, while IDBI Bank has a smaller exposure of 500 million, the filing showed.
In the case of Axis Bank, the airline has a letter of sanction of credit, the filing said, without specifying whether this credit has been availed. The airline's total liabilities to all creditors stand at 114.63 billion rupees, the filing shows. This includes dues to banks, financial institutions, vendors and aircraft lessors.
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