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.
Go first restart
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.
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)
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 familiar with the matter, Go First (G8), a low-cost airline, plans to resume its flights by May 24th.