Jammu and Kashmir News Report
Buisness

Going First Prudent To Wait For Judicial Process To Run Its Course, Says Jyotiraditya Scindia

Jyotiraditya Scindia, the minister of civil aviation, said on Tuesday that it was regrettable that the airline's financial situation had been negatively impacted by the operational delay relating to engine deliveries.

The minister said, “It is prudent to wait for the judicial process to run its course” in light of the airline's petition for voluntary insolvency resolution proceedings.


The low-cost airline has also decided to postpone flights for May 3 and 4 due to a serious financial crisis.

“Go First has had serious supply chain problems in relation to its engines. The Indian government has done all in its power to support the airline. The problem has also been discussed with the relevant stakeholders, according to a statement from Scindia.

He said it is sad that the airline's financial condition has taken a hit as a result of this operational slowdown.

“We are aware that the airline has submitted an application to the NCLT. It is wise to hold off until the legal procedure is finished, the man remarked.

Scindia said that the airline has received a warning about the abrupt suspension of flights from the Directorate General of Civil Aviation (DGCA).

He continued, saying that it is the airline's responsibility to provide other transportation for the customers in order to minimise disruption.

Related posts

The 50-megapixel telephoto camera on the Samsung Galaxy S24 Ultra may have a 5x zoom, similar to that of the iPhone 15 Pro Max

Authorities from the GST seize evidence of fraudulent transactions worth Rs. 134 billion in Agra

Adani Group Stocks Increase By 20%; Understand Why. Adani Power, Adani Enterprises, Adani Ports

The IMF disputes the Pakistani government's assertion that it has complied with loan requirements

Admin

The 256GB internal storage Itel A70 is said to be the first smartphone to launch in India for less than Rs. 8,000

Dinesh Khara, the chairman of SBI, is likely to get a 10-month contract extension