According to Airbus’s latest orders and delivery data, the Indian ULCC Go First (G8) and Airbus have mutually decided to cancel orders for 16 Airbus A320neo aircraft in May.
Go First
Today (On Jun 7, 2023), Indian Civil Aviation Minister Jyotiraditya Scindia announced that the Directorate General of Civil Aviation (DGCA) is presently evaluating the flight resumption proposal presented by LCC Go First (G8).
Go First (G8), has once again extended the flight cancellations till June 9, and it will not restart operations until DGCA and MoCA give it permission to do so.
Executives of Indian ultra-low-cost carrier, Go First (G8) have communicated to the Directorate General of Civil Aviation (DGCA) that the airline is ready to conduct 152 flights per day upon resuming its operations.
The Interim Resolution Professional (IRP) of Indian ULCC Go First (G8) has presented a revival plan of six months to the Directorate General of Civil Aviation (DGCA), stating their readiness to resume operations with 26 operational aircraft and a pilot workforce of 400.
According to sources familiar with the matter, the Wadia Group intends to secure funds promptly to revive its insolvent airline, Go First
Wadia-owned Indian ULCC, Go First (G8), is facing financial challenges and has appealed to the DGCA to refrain from suspending or revoking the Air Operator’s Permit (AOP)
According to a source, senior executives of Go First (G8), currently undergoing an insolvency resolution process, held discussions with officials from the DGCA on Monday to outline their plans for the airline’s revival.
Indian ULCC Go First (G8) intends to increase the monthly salaries of its pilots, for captains, by Rs 100,000 ($1,211) and first officers, by Rs 50,000.
Go First is preparing to request approval early next week to resume operations, offering three fleet-size options based on the number of aircraft lessors can reclaim.