Go First (G8), a financially strained budget airline, has requested additional funding of Rs 400-600 crore from its lenders to revive its operations.
Go First Airline
Go First (G8), has once again extended the flight cancellations till June 25, and it will not restart operations until DGCA and MoCA give it permission to do so.
Wadia-backed Indian ultra-low-cost carrier, Go First (G8) pilots plan to raise a complaint with resolution professional (RP) Shailendra Ajmera, stating that the airline has failed to issue the promised pay increment letters.
Indian low-cost carrier Go First (G8), which filed for bankruptcy protection in May, is set to restart operations by the end of the month.
According to a report, the creditors of Go First (G8) Airlines have taken decisive action by replacing the officials associated with the company’s bankruptcy proceedings.
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.
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.
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.
According to sources, Wadia-owned Go First (G8) Airlines is expected to resume operations by May 27. Pilots have been requested to participate in a ‘refresher course’ starting from Thursday.
According to sources familiar with the matter, Go First (G8), a low-cost airline, plans to resume its flights by May 24th.