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 resume flights
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.
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.
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.