As per some media reports, Go First Airlines, currently under the management of insolvency resolution professional Abhilash Lal, has informed the Directorate General of Civil Aviation (DGCA) about its preparedness to resume operations with 152 daily flights with 22 aircraft.
It is worth noting that Go First Airlines has been non-operational since May 3. Prior to facing financial difficulties and suspending its operations, the airline used to operate a fleet that facilitated 200 daily flights until April.
Resumption Plan and Workforce Capacity
In a recent resumption plan submitted to the DGCA, Go First Airlines stated that it possesses the necessary workforce to operate its current fleet of 22 planes. The plan includes approximately 675 pilots and 1,300 cabin crew members who are ready to fulfil their respective roles.
CEO Nominee and Financial Requirements
As per the Economic Times, Abhilash Lal, representing Alvarez and Marsal consulting firm as the resolution professional, has proposed Kaushik Khona, the current CEO, oversee daily operations and act as the accountable manager for the airline.
Following its insolvency filing, Go First Airlines informed the regulator that it requires ₹200 crores to resume its flight operations. The company has access to ₹400 crores through the government’s emergency credit line guarantee scheme (ECLGS) and also possesses undrawn credit.