New Delhi: The beleaguered airline, Go First, declared further suspension of all flight operations till June 12, while citing operational reasons.
Commuters who have booked their flights already, will be refunded with their original mode of payment shortly, the airline said in its official notification.
The airline’s official statement:
Due to operational reasons, Go First flights until 12th June 2023 are cancelled. We apologise for the inconvenience caused and request customers to visit https://t.co/FdMt1cRR4b for more information. For any queries or concerns, please feel free to contact us. pic.twitter.com/ikPCTIewxs
— GO FIRST (@GoFirstairways) June 8, 2023
---Advertisement---
“We acknowledge that the flight cancellations might have disrupted your travel plans and we are committed to providing all the assistance we can,” said the cash-strapped airline in the statement.
The Wadia Group’s airline Go First is currently going through a financial crisis due to the Corporate Insolvency Resolution Process (CIRP). Go Airlines, recently, presented its six-month revival plan in front of the Directorate General of Civil Aviation (DGCA).
Earlier, the National Company Law Tribunal (NCLT) directed Insolvency Resolution Professional (IRP) of the airline to file a response within a week over petitions that were filed by three lessors, wanting to have possessions of the aircrafts as well as engines from the Wadia Group.
The Go First Airline is mulling over a plan to restart its operations with its fleet of 26 operational aircrafts and 400 pilots.
Go First insolvency
Go First Airlines had to register for insolvency after its flight operations were disturbed due to faulty engines, which the company got from the engine maker, Pratt and Whitney.
Moreover, the lessors started to demand aircrafts back from the Go First Airline to recover their losses. However, the NCLT granted protection to the airline under prohibition from its lessors.
Protection by the NCLT
NCLT, in its judgement, said, “We admit the plea of Go Airlines for insolvency proceedings.”
The judgement helped the company and shielded it from becoming an unviable airline. The bankruptcy protection will, on the other hand, help the airline for renegotiating contracts and debts.
