Cash-Strapped Airline Go First Extends Suspension Of Flights Till May 26

Cash-strapped Go First on Thursday announced that it had cancelled all flights until May 26, the airline said in a statement. In a statement, Go First said it hoped to resume bookings shortly.

The airline has stopped flying from May 3 due to financial losses as a result of persistent issues with engines from US firm Pratt & Whitney (P&W), which powers its Airbus A320 neo aircraft.

"A full refund will be issued to the original mode of payment shortly...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, which is undergoing insolvency resolution proceedings, said. 

The development comes even as reports had earlier said the airline was likely to resume flights from May 24.

On May 10, the National Company Law Tribunal (NCLT) allowed the voluntary insolvency resolution plea by Go First. To manage the affairs of the airline, Abhilash Lal was appointed as the Interim Resolution Professional (IRP).

However, unhappy with the NCLT decision, three aircraft lessorshave moved the National Company Law Appellate Tribunal (NCLAT).

All three lessors have leased out around 21 aircraft to Go First. The appellate tribunal said it would pass the order on May 22, PTI reported.

Earlier this month, the Directorate General of Civil Aviation issued a show cause notice to Go First, asking the Wadia Group-owned airline to explain the reasons behind its inability to run operations within 15 days.

Meanwhile, Go First has launched a claim management portal "gofirstclaims.in/claims" for the Corporate Insolvency Resolution Process (CIRP).

 

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Breaking News LIVE: Crisis-Hit Go First Extends Flight Cancellations Till May 26

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The Supreme Court, which had asked the Centre and the Manipur government to file a status report on the recent violence in the state, will hear the matter on May 17. Petitioners have demanded a SIT inquiry into the Manipur unrest.

In the last hearing, Supreme Court directed the Centre to ensure all remedial steps are taken in the violence-hit state and stressed the need to arrange for food and medicines at relief camps housing the displaced people and protect places of worship in the state.

"All remedial steps will be taken care of by the solicitor general. We emphasize the need for arrangements to be made in relief camps - foods and medicine, necessary precaution for the rehabilitation of displaced people, and protecting places of worship. Authorities will make necessary arrangements for the medical needs at the Army hospital or any other hospital," Chief Justice of India DY Chandrachud had said.

Solicitor General Tushar Mehta, appearing for the Centre as well as the state government, had informed the bench about the steps taken to deal with the violence and said 52 companies of Central Armed Police Force, besides Army and Assam Rifles contingents have been deployed in the strife-torn areas.

A meeting of the ruling BRS MLAs, MLCs and MPs in Telangana would be held on May 17 at the party headquarters here.

The meeting, to be chaired by BRS president and Chief Minister K Chandrasekhar Rao, would be held on May 17 afternoon, a BRS release said on Monday. It did not give details on the meeting's agenda.

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