Go First cancels flights till 25 July
Go First also assured that they will be able to resume booking shortly. “As you are aware, the company has filed an application for immediate resolution and revival of operations. We will be able to resume bookings shortly" the statement read.
The Mumbai-based carrier Go First, which stopped flying on 3 May, is undergoing an insolvency resolution process, and it has cancelled all its flights till 25 July. Go Airlines (India) Ltd has received claims worth 240 billion rupees from operational and financial creditors so far as part of the carrier's ongoing insolvency, Reuters reported. Aviation regulator DGCA on Friday said it has approved Go First's plan to restart operations with 15 aircraft and 114 daily flights with a host of conditions, including the availability of required interim funding.
It may be mentioned that the airline’s resolution professional in late June submitted a plan to resume operations with 26 aircraft, including four in reserve, and 160 flights per day. However, after a special audit of the airline’s facilities in New Delhi and Mumbai earlier this month and additional information sought by the DGCA, Go First revised its resumption plan, thereby reducing both the fleet and daily flights substantially. The airline will be allowed to start bookings for its flight only after the DGCA approves its flight schedule as per the communication.
The airline's Resolution Professional (RP) submitted the resumption plan to DGCA on June 28, and subsequently, the regulator conducted a special audit of the carrier's facilities in Mumbai and Delhi. On July 10, Go First Resolution Professional invited Expressions of Interest (EOI) from the prospective buyers for the airline to expedite the sale process. The deadline for
. Read more on livemint.com
