The NCLT has taken action on a plea seeking a refund of Rs 597.54 crore to around 15.5 lakh passengers affected by Go First's suspension. The airline's Resolution Professional approached the tribunal, stating the refund aligns with a business plan to revive the grounded airline.
Go First, currently undergoing insolvency proceedings, has filed an application with the National Company Law Tribunal (NCLT) to obtain approval for refunding passengers affected by flight cancellations.
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 has extended its flight cancellations until June 19 due to operational reasons. The company apologizes for any inconvenience caused and is committed to providing assistance to affected passengers. Go First has also filed an application for immediate resolution and revival of its operations.
Crisis-hit Go First Airlines announces further flight cancellations till June 9, citing operational reasons. Passengers will receive full refunds. Meanwhile, the National Company Law Tribunal (NCLT) instructs the airline's resolution professional to address petitions filed by lessors seeking repossession of leased aircraft and engines.
Go First Airlines has informed the Directorate General of Civil Aviation (DGCA) about its intention to resume operations with 152 daily flights. The airline, currently managed by Abhilash Lal, has been non-operational since May 3.
Go First Airlines has announced the cancellation of its flights until May 30, citing operational reasons. Passengers affected by the cancellations will be issued full refunds. The airline is actively working on a revival plan amidst the challenges it faces.
Go First Airlines informs DGCA about the lack of a definite timeline for resuming operations. The suspended board files caveats against four aircraft lessors following an order by the NCLAT upholding insolvency proceedings. Efforts by lessors for deregistration and repossession continue.
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, 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.