Indian aviation regulator DGCA has accepted cash-strapped airline Go First’s resumption plan, but subject to certain conditions.
Go First’s Resolution Professional Shailendra Ajmera recently invited Expressions of Interest (EoIs) from potential bidders for the grounded airline.
The deadline for submitting EoIs is August 9 and the final list of prospective resolution applicants will be declared on August 19, according to the public notice.
The carrier has around 4,200 employees. It had a revenue of Rs 4,183 crore from operations in the financial year ended March 2022. Its liabilities are about Rs 11,463 crore.
The airline has cancelled all its flights till July 14.
(More to come)
