Go First has ‘very tight schedule’; needs to raise funds: Interim Resolution Professional tells staff

Go First has a very tight schedule and has to raise funds to get the business running, the cash-strapped airline’s Interim Resolution Professional Abhilash Lal told staff on Thursday. A day after being appointed as the IRP following admission of the Go First’s voluntary insolvency resolution petition by the NCLT, Lal addressed the carrier’s staff during a virtual town hall, according to sources in the know.

The budget airline stopped flying from May 3 and filed the insolvency petition due to fund crunch caused by the grounding of many planes in the wake of non-availability of Pratt & Whitney engines.

“We are working on a tight schedule… we have to get the business running… we have to raise funds to do that,” Lal told the employees.