TBM Staff - Mumbai
Go First’s lenders have agreed in principle to support the airline’s request for INR 400 crore interim funding to restart its operations. The airline temporarily halted operations on May 2, and its insolvency plea was
TBM Staff - Mumbai
Defunct airline Go First has sought additional funds at a lenders meeting on Wednesday, sources said, reports Reuters. The airline is asking for between INR 4 billion and 6 billion in additional funds, the sources
TBM Staff - Mumbai
Reacting to reports of buying mjority stake in crisis-hit Go First, IndiGo said it cannot comment on the rumours. It has been reported that IndiGo will be merging its operations with the debt-ridden carrier, which
TBM Staff - Mumbai
Cash-strapped Go First, which is undergoing a voluntary insolvency resolution process, plans to restart operations with 26 planes and 152 daily flights, and has submitted the revival plan to aviation regulator DGCA, according to a
TBM Staff - Mumbai
Go First on Tuesday announced extending cancellation of flights till June 4. Go First stopped flying on May 3 and the latest announcement means that the budget carrier will remain grounded for one month. This
TBM Staff - Mumbai
Senior executives of Go First have discussed revival plans with DGCA officials in Delhi yesterday, said sources, reports PTI. The cash-strapped airline is trying hard to come out of the situation and resume its operation.
