Go First to suspend flights for 2 days due to funds crunch: Report

The Kashmir Walla needs you, urgently. Only you can do it.

The Kashmir Walla plans to extensively and honestly cover — break, report, and analyze — everything that matters to you. You can help us.

Most Read This Week

Wadia group-owned Go First will temporarily suspend flights on May 3 and 4 amid severe fund crunch, the airline’s chief Kaushik Khona said on Tuesday.

The budget carrier has also filed an application for voluntary insolvency resolution proceedings before the National Company Law Tribunal (NCLT), Delhi.

Speaking to PTI, Khona said the airline has grounded 28 planes, more than half of its fleet, due to non-supply of engines by Pratt & Whitney (P&W). This has resulted in a fund crunch.

“It is an unfortunate decision (filing for voluntary insolvency resolution proceedings) but it had to be done to protect the interests of the company,” he said.

The airline has informed the government about the developments and will also be submitting a detailed report to aviation regulator Directorate General of Civil Aviation (DGCA).

Flights will be suspended on May 3 and 4. Once the NCLT admits the application, then the flights will be restarted, Khona said.

Go First has more than 5,000 employees. (Agencies)

Choose a plan as per your location

Latest News

Stop teaching during school hrs or face action: ADC Sopore warns coaching centres

The authorities on Saturday warned coaching institutions, operating in Sopore town of north Kashmir’s Baramulla district, of strict action...

More Articles Like This