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

Top to Five: It’s Not Surprising That Apple iPhones Sold the Top 5 Smartphones in 2023

UP will have new power to create waterways

Admin

Sitharaman requests changes to IMF policy in response to concerns about the global economic slump

Cross-Platform Messaging May Be Added To WhatsApp To Comply With EU Regulations; Full Details

On October 17, Okaya EV will introduce the Moto Faast electric scooter, which has a 130-kilometer driving range

Fertility Center Indira IVF Purchased by Hong Kong Company for Rs. 5,400 Cr.