Go First Tells Pilots To Resume Work From May 27, Training From Tomorrow

Listen to This Article

Cash strapped low-cost airline Go First wants to resume flying again by May 27, reported

Economic Times

citing sources.

According to a memo issued by the company to the pilots, beginning tomorrow, the airline will resume its pilot training programmes, ET said.

 

"Operations are likely to commence from 27 May. Since there has been a gap in flying operations, it has been decided to conduct an online ground refresher course, " said the memo. 

A refresher course is required because the pilots haven't flown since May 3, said the company in the memo.

An industry executive, however, claimed that given the lessors' termination of the lease agreements, there are questions about the airline's ability to operate the aircraft. The bankruptcy court's order to put a moratorium on aircraft has been contested by the lessors in a court battle with the airline.



According to the report, sources have said that the airline has been working on a strategy to reopen with 20 planes but a smaller operation. “The airline has 27 aircraft which were operating till 2 May. 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,” said source.

On May 10, the Wadia-group airline's insolvency petition was accepted, and Abhilash Pal of Alvarez and Marsal was chosen as the temporary resolution specialist.

According to a Go First executive, the promoters had chosen to invest roughly Rs 300 crore in the low-cost carrier in the final week of April, before it was forced to close due to a shortage of Pratt & Whitney engines. 

Civil aviation regulator DGCA had earlier directed the airline to immediately stop ticket sales and issued a show-cause notice for its failure to provide efficient and reliable services. " The airline will have tosubmit a resumption plan to DGCA which will include the total number of aircraft and the destinations it intends to operate,” a government official said.



RECENT NEWS

Central Banks And The Economic Horizon: Steering Through Uncertaintie

In the evolving landscape of global financial markets, the strategic role of central banks has come under intense scruti... Read more

Transforming Financial Operations With Robotic Process Automation

Author: Ricardo Goulart                           ... Read more

The Role Of Machine Learning In Fraud Detection

        Author: Gerardine Lucero                  &nbsp... Read more

Principles Of Islamic Banking And Finance

When it comes to banking, a significant new contender has entered the ring. The principles of Islamic banking and financ... Read more

The Role Of Central Banks In Global Economy

The role of central banks in global economy is a stimulating topic that requires profound understanding. Commonly, centr... Read more

History Of Banking Evolution In The 21st Century

Throughout time, the banking sector has assumed a central role in the smooth functioning of economies, generating growth... Read more