Go First Bankruptcy - Latest News Update, Information, Photos & Videos on Go First Bankruptcy at Lokmat Times

Cash-strapped Go First airline, which is undergoing insolvency resolution proceedings, extended its flight cancellations till May 30 due to operational reasons. This comes hours after the airline announced the suspension of flight operations till May 28. However, the airline hoped that it will be able to resume bookings shortly. Meanwhile, the low-cost airline said it will refund passengers who have booked tickets on cancelled flights in the original mode of payment. Notably, Go Air has also stopped the sale of tickets.We regret to inform you that due to operational reasons, Go First flights scheduled till May 28, 2023, have been cancelled. We apologise for the inconvenience caused by the flight cancellations. A full refund will be issued to the original mode of payment shortly. We acknowledge the flight cancellations might have disrupted your travel plans and we are committed to providing all the assistance we can. As you are aware, the company has filed an application for immediate resolution and revival of operations. We will be able to resume bookings shortly," the airline said in a tweet.The airline is undergoing insolvency resolution proceedings. On May 3, Go First officially announced that it is suspending its flight operations. The National Company Law Appellate Tribunal (NCLAT) upheld NCLT's decision to admit Go First's plea for voluntary insolvency resolution proceedings. The ruling had come on petitions filed by four lessors opposing the insolvency resolution proceedings of the airline. The Directorate General of Civil Aviation (DGCA) advised Go First Airlines to submit a comprehensive plan for the revival of its operations. DGCA advised the airline on May 24 to submit within a period of 30 days a comprehensive restructuring plan for a sustainable revival of operations. The airline to furnish the status of availability of operational aircraft, pilots and other personnel, maintenance arrangements and funding, among other details, the source added. The source said the revival plan, once submitted by Go First, will be reviewed by DGCA for further appropriate action.

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