New Delhi: On May 3 and 4, air passengers who have booked tickets in Go First Airlines may have to face a lot of problems. GoFirst has cancelled flights scheduled for May 3 and 4.
The airline has taken this decision due to the inability of oil companies to pay their dues.
According to the economic times report, an official of an oil marketing company said that Go First is operating on cash and carry mode. That is, airlines have to pay for air fuel according to the number of flights they have to fly every day. The airlines have agreed that the vendor can shut down the business if payments are not made.
The cash flow of Go First airline has been severely affected. More than half of the airline’s planes are unable to fly because Airbus is unable to supply Pratt & Whitney engines for the A320 neo planes that power the Airbus A320neo planes.
GoFirst airline is looking for strategic investors and is also talking to several investors to invest in the airline.