Diabytes
Go First News
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India's air traffic set to surge 15% to 155 million passengers in 2023-24, defying Go First's grounding, per CAPA India.
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Go First Airlines remains inactive, receiving a 90-day moratorium extension from NCLT for insolvency resolution. Failure may lead to liquidation by Feb 4, 2024.
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The Delhi High Court passed an interim order on multiple applications by several lessors seeking maintenance of their aircraft in crisis-hit Go First's possession.
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IATA said the two-letter designator and numeric codes will remain blocked for 12 months, during which Go First can ask for the reinstatement of the designator if the requirements are met.
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Disagreeing with a portion of the NCLT's ruling that restricted the lessor from inspecting the engines, the NCLAT had issued its own directive to schedule an inspection within 10 days.
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Citing operational reasons as the cause for further cancellations of flights until August 31, Go First Airlines has announced to remains grounded once again.
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The update comes when Go First and many foreign lessors are locked in a legal battle; so far the lessors have been unsuccessful in trying to recover their aircraft.
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A two-member bench of NCLT directed the resolution professional (RP) to file an additional affidavit in the next 10 days, including the status of the maintenance of the leased Go First aircraft.
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Go First has also issued a statement, which it has posted along with the tweet, saying that the company has filed an application for immediate resolution and revival of operations and is optimistic about resuming bookings shortly.
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Approximately 70-80 aircraft belonging to GoFirst, SpiceJet, Jet Airways, and other private jets are currently parked at Delhi airport due to various reasons.
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Jet Airways, which was issued an Air Operator Certificate (AOC) on February 13, 2022, stopped flying on April 17, 2019, due to a financial crunch.
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In a written reply in the Rajya Sabha, General (Retd.) V.K. Singh, said that Go First has submitted its resumption plan to DGCA for operating 150 flights daily with 26 aircraft.
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The high court said that the aircraft owned by the lessors highly valuable and sophisticated equipment and require maintenance for their preservation.
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Go First Airline, which stopped flying from May 3, has further extended the cancellation of its flights July 10, 2023.
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As per a report on PTI, lenders have committed an interim funding of around Rs 450 crore to Go First, considering a day's operations are expected to cost around Rs 10 crore.
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Go First Airline, owned by the Wadia family, filed voluntary insolvency resolution proceedings and blamed engine maker Pratt & Whitney for not supplying adequate engines to the airline.
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Go First Airline filed for bankruptcy at the National Company Law Tribunal (NCLT) and suspended its flight operations on May 3, 2023 due to rising losses.
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Go First Airline filed for bankruptcy at the National Company Law Tribunal (NCLT) and suspended its flight operations on May 3, 2023 due to rising losses.
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Citing operational reasons as a hindrance in flying, Go First has cancelled all of its flight till June 22, after the air carrier earlier cancelled all of its flight till June 19.
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On June 13, Go First announced that its scheduled flight operations will remain cancelled until June 16; however, the cancellation has now been extended till June 19.
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