The airline has approximately 4,200 employees, and it reported total revenue from operations at ₹ 4,183 crore in the financial year...
Digital Desk: Go First announced the postponement of all flights till July 25th due to operational issues on Sunday.
On Sunday, the announcement was made via a Twitter post. "We regret to inform you that due to operational reasons, Go First flights scheduled until July 25th, 2023 have been cancelled," Go First said. We apologise for any difficulty the flight cancellations have caused."
The company has also applied for urgent settlement and resumption of operations, according to the tweet.
The tweet stated that "As you are aware, the company has applied to immediate resolution and revival of operations. We will be able to resume bookings shortly. We thank you for your patience."
Early in May of this year, the low-cost airline Go First (formerly known as GoAir) filed for the start of insolvency proceedings. An extensive number of the company's aircraft had been grounded due to engine issues that had been plaguing the company for some time.
On May 2, Go First grounded a portion of its fleet and filed for voluntary bankruptcy with the National Company Law Tribunal (NCLT), blaming Pratt & Whitney, a US engine manufacturer, for its failure to fulfil obligations on time. Go First also claimed that Pratt & Whitney's delays were to blame for the cancellation of its flights.
The National Company Law Tribunal (NCLT) issued a moratorium and named an Interim Resolution Professional (IRP) on May 10. The Committee of Creditors (CoC) then designated Shailendra Ajmera as the Resolution Professional (RP) for Go First on June 9, which was later confirmed by the NCLT.
The airline employs roughly 4,200 people and reported a total income from operations of Rs. 4,183 crore in fiscal year 2021-22. According to sources, the suspension of the Go First planes pushed up rates, particularly on specific routes where it had a presence.
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