Civil aviation ministry tracking Go First developments closely: Official ...Middle East

Economy by : (Business Standard) -
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

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