The Wadia Group-owned GO FIRST has filed for voluntary insolvency resolution proceedings before the National Company Law Tribunal, informed the company’s CEO Kaushik Khona.
Go First chief Kaushik Khona has told employees that the airline has been crippled by recurring Pratt & Whitney engine troubles and assured that the carrier is doing everything possible to navigate the situation with utmost care and concern for all staff.
The airline has temporarily suspended flight operations, from May 3 to May 5. The aviation regulator DGCA India has given the airline a show-cause notice. Airlines have been ordered to provide information about measures taken to relieve passengers from the inconvenience caused by the canceled flights and a plan of action to operate flights following the authorised schedule beginning May 5, 2023.
