Key Points
The cash-strapped airlines Go First on Friday said that extended its flight cancellation until 7 June, 2023, due to 'operational reasons'..
In an announcement issued online, the airline said all Go First flights scheduled till 7 June, 2023, have been cancelled..
The cash-strapped domestic airline company Go First has submitted their six-month revival plan to Directorate General of Civil Aviation (DGCA), according to reports..
The National Company Law Tribunal (NCLT) has appointed an Interim Resolution Professional (IRP), tasked with managing the crisis-hit Go First..
On 10 May, the National Company Law Tribunal (NCLT) had admitted the airlines voluntary insolvency resolution petition and appointed Abhilash Lal as the IRP to manage the carrier..
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Go First cancels all flights till May 28, citing operational reasons
26, May, 23Budget airline Go First has cancelled all its flights till May 28, citing operational reasons
Go First plans to restart flights from 24 May
10, May, 23The airline has discussed the resumption plans with the government. The current management which will now be superseded by a court appointed resolution professional of consultancy firm Alvarez & Marsal will hold a meeting tomorrow following which it will approach the government to resume bookings.
Go First submits re-launch plan, hopes to restart operations in two weeks: Reports
02, Jun, 23Go first will start its operations with 26 aircraft, operating over 150 daily flights, the report said. It will begin operations in metro cities first. The relaunch plan is likely to be funded by the lenders. The aviation regulator is expected to take a call on the airline's re-launch plan by next week, the report further said. The cash-strapped airline, which grounded flights on May 3, had on May 30 extended the suspension of its operations till June
NCLT grants GoFirst’s insolvency plea
10, May, 23The National Company Law Tribunal on May 10 admitted Go First’s plea for insolvency and granted protection under a moratorium from recoveries by lessors and lenders.
Go First extends all flight cancellations till June 4, says due to ‘operational reasons’
30, May, 23Go First said that full refund will be issued to the original mode of payment shortly.