Cash-strapped Go First on Thursday introduced extending the cancellation of its scheduled flights till July 6. The airline, which is present process insolvency decision course of, stopped flying from May 3 and since then, it has prolonged cancellation of flights a number of occasions.
On Wednesday, senior representatives of the present administration of Go First mentioned numerous elements of the revival plan with officers of the Directorate General of Civil Aviation (DGCA).
“… due to operational reasons, Go First flights scheduled till 6th July 2023 have been cancelled,” the funds provider stated in a tweet. The firm has filed an utility for speedy decision and revival of operations. “We will be able to resume bookings shortly,” the airline stated.
Sources on Wednesday stated DGCA will look at paperwork submitted by Go First associated to the revival plan and also will conduct an audit on operational preparedness earlier than permitting the provider to restart operations.
The revival course of gathered tempo after the formation of the airline’s Committee of Creditors (CoC), comprising Bank of Baroda, Central Bank of India, IDBI Bank and Deutsche Bank, on June 10.
Lenders have dedicated an interim funding of round Rs 450 crore, contemplating a day’s operations are anticipated to price round Rs 10 crore, sources had stated.
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