Go First insolvency: What happened so far with the domestic carrier?
After more than a week of uncertainties, the skies seem to be more clear for the cash-starved airline Go First. Following is the brief chronology of developments in the last nine days.
May 2 – Go First files for voluntary insolvency resolution proceedings, seeks interim moratorium on financial obligations; suspends all flights till May 5
May 4 – Aviation regulator Directorate General of Civil Aviation (DGCA) issues show cause notice to Go First for sudden suspension of flights
