Key Points
Low cost airline Go First plans to restart flights by 24 May, people aware of the airlines plan said.. Sources said that the airline has worked on a business plan to restart with 23 aircraft but with a smaller operation..
The current management which will now be superseded by a court appointed resolution professional of consultancy firm Alvarez & Marsal will hold a meeting tomorrow following which it will approach the government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...
After the meeting with resolution professional the airline will submit a resumption plan to DGCA which will include the total number of aircraft and the destinations it intends to operate, the person quoted above said...
Cirium data shows that for the month of May, Go First was to operate 199 flights from Delhi to Srinagar, 182 flights from Delhi to Leh, and 156 flights on the Mumbai-Goa route...
The airline also accounts for six of the about 30 non-stops flights on the Delhi-Srinagar and Mumbai-Goa routes, six of the 52 daily flights on the Delhi-Mumbai route, five of 13 on the Delhi-Leh route, and three of 10 on the Delhi-Bagdogra route..
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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