Troubled carrier Go First is reportedly awaiting a final approval from the Directorate General of Civil Aviation (DGCA) to resume its flights. As per a report, Go First is prepared to resume operations with 22 carriers.
According to a Business Standard report, Go First executives have informed DGCA that the troubled airline is prepared to operate 152 daily flights once it resumes its operations. This comes on the backdrop of Go First insolvency crisis and the airline not flying since May 3.
The report adds that in the recent resumption plan submitted to the DGCA, Go First has stated that it has the necessary workforce to operate its fleet of 26 planes, with approximately 675 pilots and 1,300 cabin crew members. Before the Go First crisis unfolded, the airline reportedly used to operate 200 daily flights.
Before this development, Go First was asked to submit a revival plan to the DGCA within 30 days after its hearing in the National Company Law Appellate Tribunal (NCLAT).
According to a report in the Economic Times, Go First informed the DGCA that it needed Rs 200 crore to resume its flight operations. As of now, it has access to almost Rs 400 crore through the government’s emergency credit line guarantee scheme (ECLGS). However, it is still trying to secure interim funding of Rs 200 crore from lenders.
As of now, Go First airlines’ flights will remain cancelled till June 7, based on official updates. However, media reports suggest that since the airline has been asked to submit a resumption plan within 30 days, it is highly likely that Go First may not resume operations in June. More updates awaited.