GoFirst has announced the cancellation of all its flights till July 25 due to operational reasons. Let us tell you that this airline is facing a lot of economic crisis and this company has stopped all its flights since May 3. However, two days ago it was reported that Go First has got permission to fly once again. It was said that the DGCA has given permission to GoFirst to fly with conditions. DGCA has conditionally accepted the proposal of Go First and the decision of the regulator has been taken after the audit. But then the company has canceled all the flights till 25th July.

Airlines tweeted information

The announcement was made through a Twitter post on Sunday. GoFirst said: “We are sorry to inform that due to operational reasons, GoFirst flights scheduled until 25 July 2023 have been cancelled. We apologize for the inconvenience caused by the flight cancellation. The tweet further said that “the company has filed an application for immediate resolution and operations. We will be able to resume bookings shortly. We thank you for your patience. ,

The company had applied for bankruptcy proceedings

Low-cost airline GoFirst (originally GoAir) had applied to initiate insolvency proceedings in early May this year. The company had been battling engine problems for some time, which had resulted in the grounding of a large number of its aircraft. On 2 May, GoFirst canceled its flights and filed for voluntary bankruptcy before the National Company Law Tribunal (NCLT), alleging delay on the part of Pratt & Whitney, a US-based engine manufacturer, due to its inability to meet obligations promptly – which led to the grounding of a portion of its fleet.

4200 employees are employed in the company

On May 10, the National Company Law Tribunal (NCLT) granted a stay and appointed an Interim Resolution Professional (IRP). Then on June 9, the committee of creditors (CoC) appointed Shailendra Ajmera as the resolution professional (RP) for GoFirst, which was subsequently approved by the NCLT. The airline has around 4,200 employees, and it reported a total revenue from operations of Rs 4,183 crore in the financial year 2021-22. There were reports that the discontinuation of GoFirst's flights had put pressure on airfares, especially on select routes it had access to.