Go First Flight Struggles With Finances, Suspends Operation Till July 10

Go First Flight Struggles With Finances Suspends Operation Till July 10,Go First Flight Struggles With Finances,Go First Flight Suspends Operation Till July 10,Flight Struggles With Finances,Mango News,Go First struggles to revive operations,Go First extends flight cancellations,Crisis hit Go First,Go First crisis Live updates,Go First files for insolvency,Go First Flight Latest News,Go First Flight Latest Updates,Go First Flight Live News,Go First Flight Crisis Latest News,Go First Flight Crisis Latest Updates,Go First Flight Crisis Live News

 Crisis-hit airline Go First on Tuesday informed that its scheduled flight operations will remain cancelled till July 10 due to operational reasons. The fleet of the cash-strapped carrier has been grounded since May 3

The airline operator filed for voluntary bankruptcy in early May before the National Company Law Tribunal (NCLT), alleging delays on the part of a US-based engine maker for its inability to promptly meet obligations – leading to the grounding of a portion of its fleet. There were reports that the grounding of the Go First flights had put pressure on airfares, particularly on select routes where the now-grounded airline had its footprint.

Last week, Resolution Professionals (RP) submitted a detailed plan for Go First revival before the Directorate of General Civil Aviation (DGCA).

After an almost two-and-a-half-hour-long meeting with DGCA and its senior officials in Delhi, Go First Resolution Professionals assured the regulator that the company is serious about restarting the business.

A statement from GoFirst had then said, “Resolution Professionals assured DGCA that there would be enough pilots and ground staff to resume operations.

Mango News Link

Telegram: https://t.me/mangonewsofficial

Google Play Store: https://bit.ly/2R4cbgN

Apple / iOS Store: https://apple.co/2xEYFJ