NEW DELHI: The civil aviation ministry is keeping a close watch on the developments at crisis-hit Go First and the proceedings that are expected at the National Company Law Tribunal (NCLT) this week, a senior official has said.
Faced with a severe financial crunch as more than half of its fleet is grounded due to the non-availability of Pratt & Whitney engines, Go First on Tuesday filed for voluntary insolvency resolution proceedings before the NCLT and has also decided to cancel all flights for May 3 and 4.
Against this backdrop, the senior government official said the ministry is keeping a close watch on the developments related to Go First, including the admission of the airline’s application by the NCLT.