Go First Bankruptcy: Airline submits 6-month revival plan to DGCA

Updated : Jun 02, 2023 15:20
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Editorji News Desk

Crisis-hit Go First's interim resolution professional has submitted a 6 month revival plan with the Directorate General of Civil Aviation (DGCA), reported Financial Express. As per the report, the airline is ready to start its operation with its 26 aircraft and 400 pilots.

Go First also informed DGCA that oil marketing companies have also extended their support to the airlines. As per Moneycontrol, prior to the airline's insolvency plea, oil marketing companies had put their operation on cash and carry terms, which means the airline had to clear its dues daily.

Along with the oil marketing companies, the revival plan also cites support of 15 of the 20 major travel agents with regard to ticketing services. 

The airline has also said that it can deploy two aircraft to start Delhi-Srinagar and Delhi-Leh chartered flights, immediately after DGCA's approval. 

The airline has been grounded since beginning of May after it filed for voluntary insolvency proceedings. 

 

Go First

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