Go First Flight Struggles With Finances, Suspends Operation Till July 10

Crisis-hit airline Go First on Tuesday informed that its scheduled flight operations will remain cancelled till July 10 due to operational reasons. The fleet of the cash-strapped carrier has been grounded since May 3

The airline operator filed for voluntary bankruptcy in early May before the National Company Law Tribunal (NCLT), alleging delays on the part of a US-based engine maker for its inability to promptly meet obligations – leading to the grounding of a portion of its fleet. There were reports that the grounding of the Go First flights had put pressure on airfares, particularly on select routes where the now-grounded airline had its footprint.

Last week, Resolution Professionals (RP) submitted a detailed plan for Go First revival before the Directorate of General Civil Aviation (DGCA).

After an almost two-and-a-half-hour-long meeting with DGCA and its senior officials in Delhi, Go First Resolution Professionals assured the regulator that the company is serious about restarting the business.

A statement from GoFirst had then said, “Resolution Professionals assured DGCA that there would be enough pilots and ground staff to resume operations.