What Go First filing for insolvency resolution means for aviation sector
- Investors were enthusiastic about market share gains for peers, and the development is also expected to support airfares in the near term
One man’s loss is another man’s gain. With Go First filing for voluntary insolvency resolution on Tuesday, there was enthusiasm among investors about the potential exit of the budget airline as it means market share gains for its peers. Since demand in the aviation sector is currently robust, this development is also expected to support airfares in the near term.