Tag NCLT

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.

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.