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.
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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.
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).
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.
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.
Wadia Owned Go First (G8) was about to take the delivery of Six brand new Airbus A320neo airliners. some of them performed their test flights.
The aircraft lessors objected to the Go First airline’s insolvency petition before the National Company Law Tribunal (NCLT), but the airline has stated that it contacted the insolvency body to protect its 7,000 employees.
Tomorrow, on May 12, Friday, the National Company Law Appellate Tribunal (NCLAT) is scheduled to hear the plea filed by SMBC Aviation Capital, the aircraft lessor of Go First (G8).