{"id":3610,"date":"2023-05-02T16:35:49","date_gmt":"2023-05-02T11:05:49","guid":{"rendered":"https:\/\/newsunitedindia.com\/3610\/"},"modified":"2023-05-02T16:35:49","modified_gmt":"2023-05-02T11:05:49","slug":"go-first-to-suspend-flights-for-2-days-due-to-severe-fund-crunch-report","status":"publish","type":"post","link":"https:\/\/newsunitedindia.com\/?p=3610","title":{"rendered":"Go First To Suspend Flights For 2 Days Due To Severe Fund Crunch: Report"},"content":{"rendered":"

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Go First will temporarily suspend flights on May 3 and 4 due to fund crunch<\/p>\n<\/div>\n

Mumbai: <\/b><\/p>\n

Wadia group-owned Go First will temporarily suspend flights on May 3 and 4 amid severe fund crunch, the airline’s chief Kaushik Khona said on Tuesday.<\/p>\n

The budget carrier has also filed an application for voluntary insolvency resolution proceedings before the National Company Law Tribunal (NCLT), Delhi.<\/p>\n

Speaking to PTI, Khona said the airline has grounded 28 planes, more than half of its fleet, due to non-supply of engines by Pratt & Whitney (P&W). This has resulted in a fund crunch.<\/p>\n

“It is an unfortunate decision (filing for voluntary insolvency resolution proceedings) but it had to be done to protect the interests of the company,” he said.<\/p>\n

The airline has informed the government about the developments and will also be submitting a detailed report to aviation regulator Directorate General of Civil Aviation (DGCA).<\/p>\n

Flights will be suspended on May 3 and 4. Once the NCLT admits the application, then the flights will be restarted, Khona said.<\/p>\n

Go First has more than 5,000 employees.<\/p>\n

(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)<\/i><\/p>\n<\/div>\n

Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Go First will temporarily suspend flights on May 3 and 4 due to fund crunch Mumbai: Wadia group-owned Go First will temporarily suspend flights on May 3 and 4 amid severe fund crunch, the airline’s chief Kaushik Khona said on Tuesday. The budget carrier has also filed an application for voluntary insolvency resolution proceedings before…<\/p>\n","protected":false},"author":3,"featured_media":3611,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rank_math_lock_modified_date":false,"_kad_post_transparent":"","_kad_post_title":"","_kad_post_layout":"","_kad_post_sidebar_id":"","_kad_post_content_style":"","_kad_post_vertical_padding":"","_kad_post_feature":"","_kad_post_feature_position":"","_kad_post_header":false,"_kad_post_footer":false,"_kad_post_classname":"","footnotes":""},"categories":[57,56,66,55,53,54,58,63,52,61,60,59,62],"tags":[],"class_list":["post-3610","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-breaking-news","category-business","category-crime","category-dharma","category-e-paper","category-education","category-entertainment","category-health","category-international","category-lifestyle","category-national","category-politics","category-sports"],"_links":{"self":[{"href":"https:\/\/newsunitedindia.com\/index.php?rest_route=\/wp\/v2\/posts\/3610","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsunitedindia.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsunitedindia.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsunitedindia.com\/index.php?rest_route=\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/newsunitedindia.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=3610"}],"version-history":[{"count":0,"href":"https:\/\/newsunitedindia.com\/index.php?rest_route=\/wp\/v2\/posts\/3610\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsunitedindia.com\/index.php?rest_route=\/wp\/v2\/media\/3611"}],"wp:attachment":[{"href":"https:\/\/newsunitedindia.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=3610"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsunitedindia.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=3610"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsunitedindia.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=3610"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}