Tag Go First

Go First Seeks Immediate Revival, Extends Flight Cancellations

Go First Aircraft Image
Go First, the renowned low-cost airline previously known as GoAir, has disclosed the cancellation of all scheduled flights until July 27, 2023, citing ongoing operational challenges. The company has also taken proactive steps to revive operations while facing engine troubles and navigating the complexities of voluntary bankruptcy filing.

Go First Cancels All Flights Until July 10

Go First Aircraft Image
Go First, currently undergoing voluntary insolvency resolution, has cancelled all flights until July 10, 2023, citing operational reasons. The airline acknowledges the disruption caused and assures affected passengers of their assistance. Additionally, lenders have approved interim funding to resume operations, while the promoters indicate no intention to inject further funds.

Relief for Go First, Lenders Approve Interim Funding of Rs 400 Crores

Go First Aircraft
In a massive relief for cash-strapped Go First, lenders have approved an interim funding of Rs 400 crore for the carrier, which is grounded for nearly two months now. The Committee of Creditors (CoC), which includes the Central Bank of India, Bank of Baroda, Deutsche Bank, and IDBI Bank, has approved the request for additional funding. The funding has been approved to normalize Go First's business plan and operations.