The triple whammy of increasing jet fuel prices, GoFirst filing for insolvency, and the seat capacity of airlines remaining low is all set to hurt the wallets of flyers again this festival season.
GoFirst airline extends flight cancellations till August 18. The airline has approximately 4,200 employees, and it reported total revenue from operations at ₹4,183 crore in the financial year 2021-22
The National Company Law Tribunal (NCLT) has allowed Go Airlines India s application to admit Blue Mushroom Infozone under the Corporate Insolvency Resolution Process (CIRP).