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Business News/ News / India/  Go First suspends operations until 12 June

Go First suspends operations until 12 June

The cash-strapped airline has cancelled all flights until then for ‘operational reasons’, it said in a tweet on Thursday

Go First flight operation suspended till 12 june (ANI)Premium
Go First flight operation suspended till 12 june (ANI)

The cash-strapped Go-First airline announced the suspension of its flight operations till 12 June citing operational reasons. The airline updated the information on its official Twitter handle. Passengers who made their flight bookings, will receive refund on the original mode of payment shortly, said the airline in its official notification.

Also Read: Go First must show us it can sustain ops: Thomas Cook

“Due to operational reasons, Go First flights until 12th June 2023 are cancelled. We apologise for the inconvenience caused and request customers to visit for more information. For any queries or concerns, please feel free to contact us," tweeted Go First Airlines on Thursday.

"We acknowledge that the flight cancellations might have disrupted your travel plans and we are committed to providing all the assistance we can," said the company in its notification.

Also Read: DGCA sought clarity from Go First on flight resumption plan: Scindia

The airline also assured its passengers of resuming its services shortly.

The company is currently facing a financial crisis as it is going through the Corporate Insolvency Resolution Process (CIRP). The airline also submitted its six-month revival plan to the Directorate General of Civil Aviation (DGCA).

Recently, NCLT directed the IRP of Go First to file a reply within one week over the petitions filed by three lessors seeking possession of their aircraft and engines from the Wadia group. The company is planning to restart its operations with its fleet of 26 operational aircraft and 400 pilots.

Also Read: Go First crisis: What is Cape Town Convention? Why India's aviation sector needs it | Explainer

The company had to file for insolvency after its flight operations were affected due to faulty engines supplied by Pratt and Whitney. Afterwards, the company was granted protection by the NCLT under moratorium from recovery by lessors, lenders. NCLT, in its judgement said, “we admit the plea of Go Airlines for insolvency proceedings."  The insolvency action saved the company from becoming an unviable airline. It is worth noting, that India's airline industry whch became a graveyard of many airline company witnessed the first voluntarily bankruptcy application of an airline company. The bankruptcy protection will help the comopany in renegotiating contracts and debts. 

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Updated: 08 Jun 2023, 01:09 PM IST
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