[ad_1] Go First is likely to start its charter flights on Thursday, July 27, and the scheduled flights are expected to be started next week, according to sources close to the development. Go First has secured funding from several banks and once the funding is released to the airline, most probably next week, the scheduled … Read more
[ad_1] Indian aviation watchdog DGCA has advised Go First to submit a comprehensive restructuring/revival plan for a sustainable revival of operations, within a period of 30 days. [ad_2] Source link
[ad_1] Go First may very well be thanking its lucky stars on Wednesday for the NCLT verdict in its favour amidst financial and operational difficulties. With the admission of Go First’s voluntary insolvency resolution plea and the enacted moratorium, the airline is relieved of certain concerns that hinted at a difficult future for the carrier. … Read more
[ad_1] Crisis-hit Go First has sought various interim directions from the National Company Law Tribunal, including restraining lessors from taking back aircraft and regulator DGCA from taking any adverse action against the airline. The Wadia group-owned airline, which has liabilities worth Rs 11,463 crore, has sought voluntary insolvency resolution proceedings and the plea is set … Read more