Home » Corporate » Go First credits full June salary to all employees ahead of festivals: Report


Go First credits full June salary to all employees ahead of festivals: Report

Go First

According to a report on Monday, the crisis-hit Go First airline has credited its employees’ entire June salaries ahead of Ganesh Chaturthi and Raksha Bandhan. 

According to CNBC TV18, who cited sources, the salary payment is likely to have come from an urgent financial infusion by lenders.  

Go First has acquired Rs 100 crore in emergency funding from lenders to cover immediate expenses.  

According to the article, Go First will utilize Rs 100 crore in funds to cover parking and airport charges, employee salaries, insurance premiums, aircraft maintenance and repair, and statutory dues. 

Due to operational issues, Go First has announced the cancellation of all flights till August 31. 

The airline, which has been idle since May after declaring for voluntary insolvency, confirmed the decision in a message on the social networking platform X (previously Twitter). 

Go First

“Due to operational reasons, Go First flights are cancelled until August 31, 2023,” the airline stated on X. We regret for any inconvenience and invite consumers to visit https://shorturl.at/jlrEZ for additional information. Please contact us if you have any questions or issues.” 

According to CNBC TV18, 500 of Go First carriers’ 600 pilots have left for other carriers.  

According to the article, 500-600 people have left Go First and are serving notice periods, and the airline’s workforce count might drop to 2,500 by mid-September. 

In July, the DGCA said that it had authorized Go First’s plan to commence operations with 15 aircraft and 114 daily flights, subject to a number of conditions, including the availability of necessary interim funds. 

Go First ceased operations on May 3, 2023, and voluntarily requested the beginning of CIRP against company, owing to technical challenges caused by the non-availability of Pratt & Whitney engines. 

On May 10, the NCLT granted Go First’s request to commence voluntary insolvency proceedings.