Go First Bankruptcy: Airline extends flight cancellations until June 25

GoFirst has announced an extension of its flights suspension until June 25th. This decision comes amidst the ongoing insolvency proceedings the airline is facing.

“We regret to inform that due to operational reasons, GoFirst flights scheduled till 25th June 2023 have been cancelled. We apologise for the inconvenience caused by the flight cancellations," GoFirst said.

The airline also added that it expects to resume bookings shortly.

Background of the matter

On 2 May, GoFirst declared bankruptcy, stating that its financial situation was unsustainable. This was primarily due to 30-50% of its aircraft fleet being out of service since 2020 because of either faulty engines or the absence of spare engines.

The airline's insolvency request was accepted by the National Company Law Tribunal (NCLT) on 10 May, resulting in a freeze on the airline's assets and aircraft. However, the lessors of the aircraft opposed the acceptance of the request as they wanted the aircraft to be deregistered.