GO FIRST airline’s situation could be very dangerous, hope of flying is fading on daily basis – India TV Hindi

The situation of the airline which turned Go First from Go Air could be very dangerous. Greater than a yr after the airline introduced its chapter, hopes of it flying once more are more and more dim. GoFirst’s troubles started in Could final yr with a flight suspension for simply three days, adopted by the unlucky choice to go for voluntary insolvency decision course of. Now, even after a yr, the way forward for aircraft-less Go First stays unsure. In line with language information, the prolonged deadline for the decision course of is ending in June, though there may be little or no hope for its revival.

Not flown since Could 3, 2023

In line with the information, specialists imagine that the airline may also be introduced into the method of liquidation. Former airline chief Kaushik Khona mentioned that it is vitally unhappy to see that even after a yr the airline has not been in a position to begin operations. Go First has not flown since Could 3, 2023. Its blue and white A320 planes are gathering mud at airports.

Many of the staff have left and lots of are dealing with unsure occasions. Its hopes of getting again on observe quickly have additional diminished as after an extended authorized battle, the registration of 54 plane of the airline has been canceled and now the lessors will take again the plane.

Revival of airline troublesome

Consultants mentioned that the closure of this airline is a large loss for all the purchasers. Revival was at all times doable and I hope those that are in large positions will do it. In line with business sources, revival of the airline seems to be troublesome, however there may be lots of worth left within the airline. The airline had paid Airbus about US$200 million for its second order for 72 plane. Shravan Shetty, managing director of administration consultancy Primus Companions, mentioned Go First is sadly heading in the direction of liquidation with revival prices rising. He mentioned this might be one more case of worth being misplaced on account of a prolonged NCLT course of.

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