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Aviation | November 13, 2013
#40048

Banks may consider GoAir's plea for Rs 1,500 cr debt

A loan of Rs 1,500 crore to expand GoAir's fleet of aircraft is being examined by a consortium of six local banks, led by the Central Bank of India. GoAir is owned by the Wadia Group. With this, one can hope that banks are gradually making a comeback to lend airline companies, after staying away from the bleeding aviation sector.


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