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          Home » Go First Outlook: Delayed Paychecks, Inoperative Aircraft, and More

          Go First Outlook: Delayed Paychecks, Inoperative Aircraft, and More

          Delayed salaries, grounded planes, high attrition: where is Go First headed?

          Bhavya Velani by Bhavya Velani
          April 29, 2023
          in Airline News, Indian Aviation News, News
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          Go First Outlook: Delayed Paychecks, Inoperative Aircraft, and More

          Photo: Aviation A2Z

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          The Future outlook of Indian low-cost carrier Go First (G8) seems harsh as the airline is not able to pay the salaries on time due to the grounding of half of its fleet and tension at the senior management level.

          Last year, before Go First’s planned stock exchange listing, CEO Kaushik Khona and Chairman Varun Berry, among others, held an investor call.

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          To everyone’s surprise, Nusli Wadia, the airline’s owner and chairman emeritus, joined the call and led the discussion, sharing his thoughts on the business and competitors such as Air India and Akasa, according to a source who participated in the call and requested anonymity.

          Go First Outlook

          Go First Outlook

          There is a lot of uncertainty over Go First, Mainly due to insufficient funds and a solid business plan.

          The ET reported that Go First airline was started by Jeh Wadia with a simple idea of starting an airline, without any detailed plan, and began by leasing two planes.

          On the other hand, Nusli Wadia, the owner of Go First, considers it as just another business venture. He gives equal time. In contrast, for IndiGo, the airline business is their primary focus and main business.

          The person stated to ET that “something happened between the three of them – the father, son, and Dube. And he just left.” In the past 17 years, at least seven CEOs have departed from Go First.

          Go-first-engineering
          Photo: Credits to its original creator

          COVID and Engine Grounding

          The airline’s challenges have not diminished despite the pandemic. In fact, they have become more intricate and subtle.

          Last year, in July, when Go First was operating 45 planes, its planes’ Pratt & Whitney engines began failing before their expected lifespan. In just three months, 24 engines stopped working.

          This figure has since increased, and nearly half of the airline’s 59 planes are currently out of operation. 25 planes are grounded due to engine problems, and another four due to landing gear issues. By contrast, only ten percent of IndiGo’s planes are not flying.

          In the opinion of the official, IndiGo might have received compensation of almost INR1,000 crore from Pratt & Whitney, as its contracts were more strongly worded. However, Go First did not receive any compensation, as the contracts of the airline did not have the necessary leverage.

          Go-first-airlines
          Image credits to Aneesh Bapaye | Planespotters.net

          Go First Last Chance

          The recent losses at Go First may have a negative impact on Nusli Wadia’s plan to have a successful initial public offering (IPO) and achieve one-sixth of IndiGo’s valuation.

          Despite this, Wadia’s other business, Britannia Industries, has been thriving, with the announcement of an INR850 crore dividend. This dividend will provide ample funds to pay Go First employees’ salaries for the next year and, hopefully, on time.

          Stay tuned with us. Further, follow us on social media for the latest updates.

          Also Read: Indian Students Deported Back to Delhi from USA on Delta Flight – Aviation A2Z

          Join us on Telegram Group for the Latest Aviation Updates. Subsequently, follow us on Google News.

          GoFirst for SALE! Wadias Looking to sell a Stake in the Airline Business
          Source: ET
          Tags: Go FirstGo first newsGo First OutlookGo first planes groundedIndian aviation news
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          Bhavya Velani

          Bhavya Velani

          Bhavya Velani is the Founder of Aviation A2Z. Bhavya Started Aviation A2Z as a youtube channel and created unique and engaging content for Aviation Professionals. He is very passionate about Writing Aviation Blogs and creating content. Founded in 2018, Aviation A2Z has grown rapidly, with 1 Million Monthly visitors. Bhavya writes for Airways Magazine, AIRLIVE, AeroXplorer, Travel Radar and other global publications.

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