Go First Faces Audit Before It Can Take Off Again


The Directorate General of Civil Aviation (DGCA) will conduct an audit to assess how prepared cash-strapped carrier Go First is to resume flights before granting it approval to resume operations.

What Happened? Go First, formerly known as Go Air, told its staff that it would restart operations once the regulator conducts the audit and hands its approval, PTI reported.

A senior official from the DGCA said that Go First, currently undergoing voluntary insolvency resolution proceedings, had responded to a show cause notice from the regulator saying it was working on a plan to resume operations at the earliest.

See Also: What Is Air India’s Share Price And How To Buy

In the communication to staff, the CEO also said that employees would be paid their salaries for April before services resume.

It was previously reported that the troubled carrier would start flying again on May 27.

Take Stock Of The Week Ahead

Get all the latest Share Market trends and news to set you up for the week ahead.

You have successfully subscribed.

Go First had filed for voluntary insolvency proceedings earlier this month after half its fleet was grounded allegedly due to the non-supply of spare engines by aerospace manufacturer Pratt & Whitney.

Read Next: Sequoia Capital Puts Its Money On AI Video Creation Firm With Mumbai Indians, Swiggy Among Key Clients

Posted In: GovernmentRegulationsMarketsGo First