The flight services of the airline GoFirst, which is going through the voluntary insolvency process, will now be stalled till June 28. Go First gave this information in a post on Twitter on Saturday. The private sector airline said that GoFirst flights have been canceled till June 28, 2023 due to operational reasons. We apologize for any inconvenience and request customers to visit http://shorturl.at/jlrEZ for more information. For any questions or concerns, please feel free to contact us.
Rs 425 crore sought: Meanwhile, GoFirst’s resolution professional Shailendra Ajmera has sought Rs 425 crore from the airline’s financiers to kick-start the revival plan. According to media reports, this amount will help in starting operations immediately.
The proposal for the fund was placed before GoFirst’s committee of creditors in its meeting earlier this week, reported ET. The committee of lenders includes Central Bank of India, Bank of Baroda, IDBI Bank and Deutsche Bank.
Flight services have stopped since May 3: Let us tell you that the flight services of Go First have come to a standstill since May 3. According to the airline, non-receipt of engine supply from Pratt & Whitney (P&W) has grounded more than half of its fleet of 28 aircraft and created a cash crunch. In this situation, GoFirst applied to NCLT for voluntary insolvency process. NCLT approved this application for insolvency process.
