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To halt flights, use Go First 3, 4, and 5 of May; petitions for voluntary insolvency resolution

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the Wadia group According to severe financial constraints, Go First will temporarily suspend flights on May 3 and 4, according to the airline's CEO Kaushik Khona.
The low-cost airline has also requested the National Company Law Tribunal (NCLT), Delhi, open voluntary insolvency resolution procedures.
Speaking to PTI, Khona claimed that the airline had grounded 28 aircraft—more than half of its fleet—due to Pratt & Whitney's (P&W) failure to supply engines. Consequently, there is a financial crisis.
The filing for voluntary insolvency resolution procedures was a regrettable choice, but it was necessary to do so to safeguard the company's interests, he added.
The airline has notified the government of the events and will also provide a thorough report to the Directorate General of Civil Aviation (DGCA), which oversees aviation safety.
May 3 and 4 will see a suspension of flights. Flights will resume after the NCLT approves the application, according to Khona.
More than 5,000 people are employed at Go First.

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