Indian ultra-low-cost carrier Go First Airline filed for bankruptcy some months ago. But recently, in a sudden twist of events, it is all set to restart its operations with 152 flights per day. The Wadia Group-owned no-frills airline sought approval for the same from the Directorate General of Civil Aviation (DGCA) on Monday. The airline will restart its operations with 22 planes for 5 months.
Go First To Restart Operations For 5 Months
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Go First airline outlined a plan for 5 months, which is till November. It aims to restart its operations with commercial flights and military charter flights. The airline management informed DGCA that it will begin operations with the existing 22 aircraft. It said that it has 680 cabin crew, 340 pilots and 530 engineers.
In its business plan, the airline mentioned that it needs ₹12 crore to operate daily flights. It also said that it had invested ₹250 crore in the last week of April. To resume flying, the air carrier will need ₹200 crore.
Under the Centre’s Emergency Credit Line Guarantee Scheme (ECLGS) and undrawn credit, the airline has access to ₹400 crore. (As per Business Today)
Also Read: 6 Out Of 10 Most Air-Polluted Cities In The World Are Indian, Study Finds; Details Inside
Flight Cancellation Extended
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Due to operational reasons, on Tuesday, budget airline Go First extended its flight cancellation till June 9. It had already been announced that the flight operations would be suspended till June 7, but it is now pushed two days ahead.
The airline announced that it would offer a full refund of the payment to the original payment mode used by passengers. They have temporarily stopped operations on May 3 and have also stopped issuing tickets.
The domestic airline company is going through a process known as Corporate Insolvency Resolution Process (CIRP). It has also submitted the airline’s six-month revival plan to DCGA. (As per CNBC TV18)
Also Read: 6 Out Of 10 Most Air-Polluted Cities In The World Are Indian, Study Finds; Details Inside
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Cover Image Courtesy: @gofirst/Instagram