Go First Expects To Resume Flights From May 24

As insolvency crisis looms large, budget airline Go First is likely to resume flights beginning from May 24. The airline has chalked out a strategy to restart its operations with 23 aircraft, according to reports.

"The airline has 27 aircraft which were operating till May 2. It has 51 and 37 departure slots at the main airports of Delhi and Mumbai. There is a plan to resume operation as early as possible but it will be with a truncated schedule," according to The Economic Times report.

The latest development has come after the National Company Law Tribunal (NCLT) permitted IBC proceedings against the airline in the order passed on Wednesday. The tribunal appointed Abhilash Lal as the resolution professional for Go First.

The airline has been in discussions with the Indian government about its plans to resume flights and will approach the authorities for permission to resume bookings following a meeting on May 11, added The Economic Times report.

Additionally, Go First is also expected to submit a resumption plan to Directorate General of Civil Aviation (DGCA) that states the number of aircraft it will operate and the destinations it will serve.

Earlier, Go First filed for bankruptcy before the National Company Law Tribunal (NCLT) and temporarily suspended flight operations on May 3 and 4 due to a "severe fund crunch", as per PTI report. Chief Executive Kaushik Khona said that flight operations will resume once the NCLT admits the application, added PTI report. More than 5,000 people are employed with Go First.