Wadia-owned Indian LCC, Go First (G8) today (25 July 2023), conducted the first test flight since its grounding on May 3 from the Mumbai Airport (BOM).
Go First resume flights
As part of the ongoing insolvency proceedings, Go First (G8) has received claims worth Rs 24,000 crore (US$2.9 billion) from both functional and monetary creditors.
The Directorate General of Civil Aviation (DGCA), India’s aviation regulator, has approved Go First (G8) Airlines’ plan to resume operations. However, the acceptance comes with certain conditions, as stated in a notification issued on Friday.
Go First (G8) Airlines carried out the high-power engine ground run at the Delhi International Airport (DEL) yesterday (July 16, 2023).
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.
DGCA has announced that it will conduct a special audit of Wadia-owned Go First (G8), which filed for bankruptcy two months ago, to assess its readiness for resuming operations.
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.
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,