Go First suspends its flights for two days | Fusion - WeRIndia

Go First is an Indian airline owned by the Wadia Group. It has announced that it will cancel all scheduled flights on Wednesday and Thursday due to a severe shortage of funds.

The airline has been facing supply chain issues with its engines. So, it has resulted in the grounding of 25 aircraft, or 50 percent of its fleet.

The airline has also filed for insolvency before the National Company Law Tribunal in Delhi to protect its interests.

However, the airline has received a notice from the aviation regulator DGCA for not informing it before the cancellation of all scheduled flights, which is a violation of the Civil Aviation Rules.

The airline has alleged that Pratt & Whitney (P&W) did not furnish spare engines and disobeyed a directive from a Singapore arbitrator to furnish a minimum of 10 functional leased engines by April 27, 2023.

The airline claims that if P&W were to comply with the order, it could return to full operations by August-September 2023.

Indian airline Go First has announced that it will suspend flights on Wednesday and Thursday due to a severe shortage of funds.

The carrier is only able to operate 50% of its fleet, as it is not receiving spare engines from US firm Pratt & Whitney (P&W). It released a statement in this regard.

Go First has also filed for insolvency before the National Company Law Tribunal in Delhi.

CEO Kaushik Khona stated that this was a necessary measure to protect the company’s interests.

The grounding of 25 aircraft has created a funds shortage, as the aviation sector relies heavily on having enough planes in operation to generate revenue.

Civil Aviation Minister Jyotiraditya Scindia has confirmed that the government has been helping the airline with its critical supply chain issues.

He suggested exercising caution and allowing the legal proceedings to unfold as the airline has submitted an application to the NCLT.

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