Tag GoAir

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.

Go First Extends Flight Suspension Until May 26, Plans a May 27 Resumption

Go First Aircraft Image
Go First, the crisis-hit airline currently undergoing insolvency resolution, has announced an extension of its flight suspension until May 26. With ongoing legal proceedings and an uncertain future, the airline's passengers and stakeholders find themselves in a state of limbo. Efforts to resume operations by May 27 remain uncertain due to various operational challenges and the departure of several pilots.

Go First to Resume Flight Services by May 24th with Reduced Schedule and Smaller Fleet

Go First Aircraft
Go First, the low-cost carrier, is planning to restart its flight services on May 24th, with a smaller operation. The airline has been granted protection under a moratorium by the National Company Law Tribunal (NCLT) from recovery by lessors and lenders. This comes after Go First became the first Indian airline to voluntarily seek bankruptcy protection to renegotiate contracts and debt.

Go First Starts Daily Direct Flights Between Kochi And Kuwait, Muscat

Go First Airline

In a bid to increase international connectivity between India and the Middle East, Indian low-cost carrier, Go First, formerly known as GoAir has started daily direct flights from Kochi to Kuwait and Kochi to Muscat beginning June 1st, 2022. The inaugural flight took off from Cochin International Airport at 20:15 (local time) and arrived at Kuwait International Airport at 23:05 (local time). GO FIRST now introduces direct…