iPhone | iPad
Android
Huawei
Labour has been consulting investors about closing a tax break on carried interest ahead of a wider budget announcement in October
KT APPDOWNLOAD
India: Go First extends flight cancellations until July 30
Civil aviation authorities had allowed the airline to resume operations on the availability of interim funding and approval of flight schedules
Reuters file photo
Go First airline, which has been grounded since early May, has announced an extension of flight cancellations till July 30.
“Due to operational reasons, Go First flights until 30th July 2023 are cancelled. We apologise for the inconvenience caused,” it wrote on Twitter on Friday.
On May 2, Go First cancelled its flights and filed for voluntary bankruptcy before the National Company Law Tribunal (NCLT). It said delays on the part of a US-based engine maker eventually led to the grounding of a portion of its fleet.
Last Friday, India's Directorate General of Civil Aviation (DGCA) had said Go First may resume scheduled flight operations on the availability of interim funding and approval of flight schedule.
The regulator had allowed the operation of 15 aircraft and 114 daily flights. The DGCA said the sale of tickets may resume only after the approval of the flight schedule.
Soon after the DGCA's go-ahead, the airline on Tuesday started its ‘handling’ flight from Mumbai.
Handling flights are operated by airlines when aircraft remain grounded for a long. As per DGCA guidelines, airlines are mandated to carry out handling flights to ensure that the aircraft are ready for operations.
The airline has approximately 4,200 employees, and it reported total revenue from operations at Rs41.83 billion in 2021-22.
There were reports that the grounding of the Go First flights had put pressure on airfares, particularly on select routes where it had a footprint.
ALSO READ:
More news from Business
Interior design is about creating spaces that enhance human well-being
Hotel occupancy rates at 80% were the highest in the region
GCC banks have consistently maintained a higher return on equity
FCA asks senior leaders to take personal responsibility for ensuring rules have been complied with
The deal has come under increasing criticism from U.S. politicians
Several checks and balances are already in place to monitor overseas investments
A spokesman for the brand, part of Volkswagen group , on Tuesday described Longo as a person of 'great integrity, culture, capability and sensitivity'