Cash-strapped Go First airline is optimistic about resuming flights within seven days if the bankruptcy court restrains lessors from taking back its aircraft.
The budget airline which was grounded since May 2 under citing Pratt & Whitney for not providing engine to its aircrafts.
“We will hundred per cent be able to save the airline if the court starts the insolvency resolution process “immediately”, said Kaushik Khona, speaking to Bloomberg.
Go Air – now re-branded as Go First – filed for bankruptcy on Tuesday after more than 50% of its Airbus SE A320 new fleets were grounded due to engine snags, setting the airline back by $1.3 billion in lost revenue.
“We proactively want the airline to survive,” said Khona. “I have a lot of emotions attached to this airline. Go Air was the baby I nurtured,” he added.
