GoFirst plans to start operations with 26 planes, submits to regulator
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Cash-strapped airline GoFirst plans to start operations with 26 aircraft and 152 daily flights. The company has submitted the revival plan to the aviation regulator DGCA.
Mumbai Cash-strapped airline GoFirst plans to start operations with 26 aircraft and 152 daily flights. The company has submitted the revival plan to the aviation regulator DGCA. In addition, the airline is also in talks with financial institutions to raise funds to meet working capital requirements. The airline, which is under voluntary insolvency resolution process, had stopped flights since May 3 and is yet to pay some senior executives and pilots.
A source said that the salary expenditure of the company is around Rs 30 crore a month. The company currently has around 4,700 employees. Many employees have resigned in a month. The company had 5,000 employees a month ago. He said the airline is awaiting approval from the Directorate General of Civil Aviation (DGCA) for the revival plan. Operations will commence soon after approval from the regulator. Senior officials of the airline have discussed the revival plan with senior officials of DGCA.
“GoFirst is looking to start operations with a fleet of 26 aircraft as per the plan submitted to the DGCA this week,” the source told PTI, adding that with this fleet the airline will operate with 152 daily flights. Will operate The airline was operating 200 daily flights before it stopped operating the flights on May 3. The source said the regulator had raised certain questions and sought clarifications on the revival plan. They have been resolved.
Disclaimer:IndiaTheNews has not edited this news. This news has been published from PTI-language feed.
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