Wadia group News

Before Go First multiple airlines in India failed and even ended up losing their air operator certificate, including Jet Airways, Kingfisher, Indian airlines, and more.

Go First Airline announced that the flights have been cancelled because of operational reasons, and a full refund will be initiated for the passengers through the original mode of payment.

With 200 flights per day, Go First was flying at least 35,000-40,000 passengers per day, all of which are now looking for refund from the low cost airline

Go First Airlines said that due to the non-supply of engines by the US-based Jet engine manufacturer, operations will remain cancelled for 3 days. 

Amid cash crunch, Go First, a Wadia-group owned airline has submitted a detailed report to aviation regulator Directorate General of Civil Aviation (DGCA).

Go First is running daily operations with 28 aircraft out of the airline's fleet of 57, with the remaining aircraft grounded due to trouble with engines supplied Pratt & Whitney.

In March, the Wadia Group-owned airline asked its employees to go on LWP on a rotational basis besides cutting their salaries.

With Tata Sons seeking to remove him as director from main listed group entities, Nusli Wadia today hit back saying he has been targetted for his "independence of mind and action" and he is not required to act in their interest as he does not not serve the Tata group in any capacity.

The spat between Tata Group and Mistry camp appeared to be escalating with industrialist Nusli Wadia Wednesday saying that he has been left with no option other than defamation proceedings against the conglomerate.

GoAir plans to hire 500 personnel, including pilots, in the coming months as the budget carrier prepares to expand its aircraft fleet and fly overseas next year.

Wadia Group-promoted budget carrier GoAir is planning to go for an initial public offer in the current fiscal, ahead of the scheduled delivery of 72 new Airbus A-320 planes starting April next year.

Wadia Group-promoted no-frills airline GoAir has appointed Krishnan Balakrishnan as its Chief Financial Officer (CFO).

The Wadia Group-promoted budget carrier GoAir Chief Executive Giorgio De Roni has quit the carrier, citing health reasons, sources said.

The airline's dues currently stand at Rs 38 crore, exceeding the bank guarantee of Rs 30.5 crore.

The special offer is available on flights across the GoAir network for a travel period between January 1 and March 31, the airline said.

Wadia group-owned budget carrier GoAir plans to enhance capacity by 21 percent in this fiscal by expanding its route network across metro and non-metro cities and higher aircraft utilisation.