GoFirst cancellations continue, flights now scrapped till July 10 due to ‘operational reasons’
GoFirst airline have been grounded since 3 May and flights had previously been cancelled till 28 June.dgca The aviation regulator Directorate General of Civil Aviation (DGCA) will conduct an special audit of crisis-hit Go First's facilities in Delhi and Mumbai from July 4 to 6, reported PTI. The regulator will conduct the audit before approving the revival plan for the resumption of flights, the report added.
"The special audit to be conducted from July 4 to 6 shall be focused on the safety-related aspects and continued compliance of the requirements to hold an Air Operator Certificate, as well as on physical verification of the arrangements made for the resumption of flight operations," quoted PTI citing an official. The DGCA on Friday said that after a preliminary review of the resumption plan submitted by the Resolution Professional (RP) for Go First on June 28, the regulator has planned to conduct a special audit.
Go Airlines (India) Ltd, the low-fare carrier that filed for bankruptcy last month, secured lenders’ approval for interim funding of ₹450 crore, potentially paving the way for the grounded airline to resume operations. While an in-principle approval for interim funds has been granted, the plan is subject to approval from the respective boards of the banks, said one of the people cited above.
The decision was taken at a joint lenders’ meeting on Saturday. Central Bank of India, Bank of Baroda, and IDBI Bank are part of the lenders’ consortium of Go First.
Go First had filed for voluntary insolvency proceedings at the beginning of May and subsequently suspended its flight operations due to rising losses. It cited delays in the delivery of Pratt and Whitney's engines leading to the grounding of a portion of
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