Go First (G8) Airlines carried out the high-power engine ground run at the Delhi International Airport (DEL) yesterday (July 16, 2023).
Go First Airline
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).
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.
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.
MUMBAI- Cash-strapped airline Go First (G8) has submitted its revival plan to the Directorate General of Civil Aviation (DGCA), proposing a swift resumption of operations, as per reports.
Cash-strapped Go First (G8) has received approval from its creditors for interim restart funds of Rs 425 crore to revitalize the airline.
Go First (G8) Airlines resolution professional (RP) Shailendra Ajmera has approached the airlines’ financiers, seeking Rs 425 crore in interim finance to kickstart a revival plan that could facilitate the restart of operations,