Go First Flights Cancelled: India’s aviation sector suffered a major setback when Go First, the airlines providing cheap flight services in the country, applied to declare itself bankrupt.
The company had canceled all its flights since the application to declare itself bankrupt on 3 May in the National Company Law Tribunal (NCLT). Now a big news is coming about this airline. Troubled GoFirst has canceled all its flights till June 7, 2023. Earlier, the company had decided to cancel the flights till June 4, which has now been extended further.
Go First gave information by tweeting
Go First has expressed regret while sharing information about this on its Twitter handle on Friday. The company said that due to operational reasons, the company has decided to cancel its flights. We apologize for the inconvenience caused to the passengers. Along with this, while giving information about the refund, the company said that the airlines will soon return their refund to all the passengers. Along with this, the company also said that it will soon start the process of booking its flights.
Six months plan placed in front of DGCA
According to the report published in Financial Express, GoFirst has presented a 6-month revival plan to the aviation regulator Directorate General of Civil Aviation (DGCA) on 2 June. The Interim Resolution Professional (IRP) has presented this plan to the DGCA. According to the report, the airline is planning to start its operation soon with 26 aircraft.
How did GoFirst’s financial troubles begin?
Go First Air continues to provide cheap air service in the country. The company had applied before the NCLT on 3 May to declare itself bankrupt. Along with this, the airlines had accused Pratt & Whitney, the American company providing the lease, that the airlines had suffered huge losses due to its bad engine. Responding to these allegations, Pratt & Whitney had said that all the allegations of GoFirst were baseless and said that GoFirst has an old history of non-repayment of loans. DGCA and NCLT are constantly trying to restart the operation of Go First.