GoAir Nears Shut Down, Cancels All Flights till February 4

New Delhi: Chances of survival of Go Airlines India Ltd are fading. On Friday, Go announced in a post on X that it had cancelled all scheduled flights until Feb. 4, extending a grounding that began in May.

Its CEO Kaushik Khona resigned at the end of November, saying he couldn’t get the carrier flying again and that staff hadn’t been paid for six months. Go flight attendants and pilots are looking for jobs elsewhere. The loss-making airline has so far failed to attract a savior after entering bankruptcy protection in May. Jindal Power Ltd. – Go’s sole potential buyer under its insolvency resolution process – has decided not to bid.

Go was established in 2005 by billionaire Nusli Wadia’s Wadia Group, which also runs Britannia Industries Ltd. and Bombay Dyeing and Manufacturing Co.

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