Go First cancellations continue, flights now scrapped till June 28
1 min read 24 Jun 2023, 03:13 PM ISTGoFirst announces more flight cancellations until June 28 due to ongoing insolvency proceedings, but assures resumption of bookings shortly.
PremiumGoFirst announced a fresh tranche of flight cancellations on Saturday as it remains embroiled in insolvency proceedings. Flights have now been cancelled till June 28 - marking nearly two months of travel disruptions. The company however assured that it would be able to “resume bookings shortly".
"We regret to inform you that due to operational reasons, Go First flights scheduled till 28th June 2023 have been cancelled. We apologise for the inconvenience caused by the flight cancellations," the airline said in a tweet.
Aircraft of the cash-strapped carrier have been grounded since May 3 and flights had previously been cancelled till June 25. The company continues to bat for an immediate resolution and revival of operations.
It had initially harboured plans for a resumption by the end of May and is now looking to operate 78 daily flights with 22 aircraft from July. The planned resumption of operations will however depend on a number of factors including regulatory approvals.
Go First had filed for voluntary insolvency proceedings at the beginning of May and subsequently suspended its flight operations due to rising losses. It cited delays in the delivery of Pratt and Whitney's engines leading to the grounding of a portion of its fleet. The case remains before the the National Company Law Tribunal.
Earlier on Wednesday the company reportedly sought additional funds at a lenders meeting. According to a Reuters report quoting banking sources, the company - which is currently under bankruptcy protection - is asking for ₹4 billion to ₹6 billion in additional funds. The Go First bankruptcy incidentally filing lists Central Bank of India, Bank of Baroda, IDBI Bank and Deutsche Bank among its creditors, which are owed ₹65.21 billion in total.
(With inputs from agencies)
