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Financial hardship go first On Tuesday, it said it would respond to the offer notification issued by the Civil Aviation Authority in a timely manner and take all possible measures to minimize inconvenience to passengers.
The Wadia Group-owned carrier, which is awaiting the NCLT’s decision on its invitation to voluntary insolvency settlement proceedings, said it had stopped booking tickets before Directorate General of Civil Aviation (DGCA) directed her to do so on Monday.
The airline has canceled all flights through May 12 and suspended ticket sales through May 15.
Against this background, the Directorate General of Civil Aviation, on Monday, directed the airline to immediately stop selling tickets and also issued a show reason notice for failing to continue operating the service in a safe, efficient and reliable manner.
In a statement on Tuesday, Go First said it would respond to the DGCA’s notice of the offer in an “appropriate time.”
The Directorate General of Civil Aviation requested the airline to submit its response within 15 days of receiving the offer reason notification, furthermore, a decision on the continuation of the Air Operator Certificate (AOC) will be made on the basis of the response provided by it. .
“To minimize the inconvenience to passengers, we have already stopped taking reservations, before the Directorate General of Civil Aviation issues the notice,” Go First said on Tuesday, adding that the airline is taking all possible measures to minimize inconvenience to passengers.
Go First canceled all of its flights beginning May 3 amid a financial crisis due to non-delivery of engines by Pratt & Whitney and the subsequent grounding of a large portion of its fleet.
With liabilities of Rs. 11,463 crore and a financial crisis, the airline has sought voluntary insolvency settlement actions as well as temporary suspension of its financial liabilities.
The cash-strapped carrier has not flown since May 3, the day after it filed voluntary bankruptcy settlement proceedings with the National Company Law Tribunal (NCLT).
The carrier’s lessors opposed Go First’s petition for a temporary stay claiming it would have “serious and harmful consequences”.
In a setback for the ailing airline, lessors have so far sought to deregister 36 Go First aircraft.
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