New Delhi: Cash-strapped Go First’s former CEO Kaushik Kona and its newly-appointed resolution professional (RP) Shailendra Ajmera, on Wednesday met with Directorate General of Civil Aviation (DGCA) officials to get a green nod for their revival plan as they aim to restart operations as soon as possible.
According to sources, Go First’s RP presented the bankers’ approved revival plan to the aviation regulator before submitting it formally in a day or two.
Following the submission, DGCA would conduct a very important safety audit to check whether Go First can carry out operations smoothly. The crisis-hit airline has intended to restart flights with 22 aircraft in its fleet and keep another four in reserve. Go First intends to start 157 flights on 78 routes.
This fresh development comes after the lenders of the airline such as Bank of India, Bank of Baroda and IDBI Bank gave an in-principle nod for Rs 450 crore interim financing to meet the day-to-day operational expenses.
29/06/2023 New Indian Express
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