Go First

Wadia-owned Go First, the grounded airline since May 3, 2023, has decided to scale down its planned resumption of operations by nearly 30%.

Go First (G8) Airlines carried out the high-power engine ground run at the Delhi International Airport (DEL) yesterday (July 16, 2023).

The National Company Law Tribunal (NCLT) has permitted Go First (G8) to request to include one of its vendors, Blue Mushroom Infozone, in the Corporate Insolvency Resolution Process (CIRP).

The Directorate General of Civil Aviation (DGCA) is analyzing the report of a special audit of grounded Go First (G8), which is undergoing an insolvency resolution process.

A resolution professional overseeing the insolvency process for Go First (G8) has initiated the next phase by inviting an Expression of Interest (EOI) for the sale of the carrier, as reported in an advertisement in ET on Monday.

In a significant development for Go First (G8), a court in Singapore has ruled that engine manufacturer Pratt & Whitney must deliver five engines per month to the airline between August and December.

Delhi High Court has directed the Directorate General of Civil Aviation (DGCA) and other concerned parties to grant aircraft lessors of financially strained airline Go First (G8) access, inspection, and the ability to conduct maintenance on its leased aircraft at least twice a month.

Despite its crisis, Bankrupt Go First (G8) is reportedly planning to introduce Airbus A320 family aircraft equipped with CFM engines once it resumes flight operations, according to sources cited in a media report.

Directorate General of Civil Aviation (DGCA), the aviation regulator, has commenced a special audit of Go First (G8)’s facilities as the airline seeks approval to resume operations.

Creditors and Banks have agreed to inject fresh funds into the temporarily halted carrier, Go First (G8), but the fate of the carrier hinges on an upcoming order from the Singapore arbitration court.