The airline operator filed for voluntary bankruptcy in early May before the National Company Law Tribunal (NCLT), alleging delays on the part of a US-based engine maker for its inability to promptly meet obligations - leading to the grounding of a portion of its fleet.
Pratt & Whitney on Thursday said it respects the Interim Arbitration ruling of a Singapore court, directing the US-based engine maker to send five engines every month to Go First airlines between August and December, adding that it will comply with the same.
The Delhi High Court on Wednesday permitted several aircraft lessors who had leased out their planes to Go First airlines to carry out inspection and interim maintenance of their planes.
Amid an ongoing three-day audit of cash-starved Go First airlines by the Directorate General of Civil Aviation (DGCA), the airlines cancelled its operations for the 13th time citing operational reasons on Tuesday.
Resolution Professionals (RP) submitted a detailed plan about Go First revival plans before the Directorate of General Civil Aviation (DGCA) on Wednesday.
Crisis-hit Go First airline's resolution professional Shailesh Ajmera is set to meet civil aviation regulator DGCA and discuss the revival plan of the now-grounded airline. The meeting was scheduled for today afternoon.
Go First, an airline facing a crisis, has announced that its scheduled flight operations will continue to be cancelled until June 30 for operational reasons. Initially, the airline said that operations would remain cancelled till June 25.
In early May, Go First filed for bankruptcy at the National Company Law Tribunal and suspended its flight operations due to rising losses, primarily due to delays in the delivery of Pratt and Whitney's engines leading to the grounding of a portion of its fleet. The airline expects immediate