This information is crucial for you if you have tickets with Go First Airlines for travel on May 3 and 4. Given that GoFirst has informed DGCA that it has canceled all flights scheduled to operate on May 3 and 4, you may have to deal with serious difficulties. The airline has provided a compelling argument for this. Airlines claim that the non-payment of oil company dues is the reason for this decision.
Airlines provided an explanation for flight cancellations
According to a GoFirst representative, the company is in financial trouble because Pratt & Whitney (P&W), a US-based manufacturer of jet engines, has not delivered the engines it has purchased for more than 50 aircraft. having to perform grounding.
According to GoFirst CEO Kaushik Khona, the company is in financial trouble as a result of P&W’s failure to supply engines, which caused the grounding of 28 aircraft. GoFirst has submitted a request for Voluntary Insolvency Resolution Proceedings before the NCLT, according to Kaushik Khona.
A representative of an oil marketing company reportedly stated in a media report that GoFirst is working in cash and carry mode. In other words, the amount of gasoline an airline must purchase depends on how many flights it must operate each day.
As a result, the airlines concur that if payment is not received, the vendor may lock its doors. It appears that GoFirst is moving in the same direction that Kingfisher did in the past.
The information obtained from the airline’s website indicates that GoFirst now has 61 aircraft in its fleet, 56 of which are A320s and 5 of which are A320 CEOs. Because of the drop in passengers, airlines were losing money.