MC Exclusive: Go First looking at three fleet-size options to restart operations
The airline’s plans hinge on whether aircraft lessors will be allowed to take back their planes.
Source: moneycontrol.com
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Go First hopes to restart operations in two weeks with 20 aircraft: Sources
Go First aims to operate around 1,200 flights a week and slowly increase operations while the ongoing legal battle with Pratt & Whitney ensues.
Source: moneycontrol.com
Go First's resolution professional reassures employees that airline will restart operations
Go First will have to raise some funds in order to restart operations, the airline's resolution professional Abhilash Lal has told the employees
Source: moneycontrol.com
NCLT's decision to admit Go First's insolvency riles lessors and vendors, leaves employees confused
GoFirst's employees are concerned about their salaries if they stick with the airline through its insolvency resolution process, while its lessors are concerned about their lease payments and have even approached the National Company Law Appellate Tribunal (NCLAT) to contest the order by the NCLT.
Source: moneycontrol.com
Go First's legal battle with P&W likely to be messy, drawn-out affair: Execs
Even if there is a resolution of the matter, P&W may not be able to supply engines for six months due to global supply chain issues, delaying Go First’s plans to resume flights
Source: moneycontrol.com