Grounded Go First’s CEO Kaushik Khona has put in his papers, almost seven months after the no-frills airline filed for insolvency proceedings.
In an e mail to the airline’s workers on Thursday, Khona stated that November 30 is his final day on the firm.
Khona had returned to Go First in August 2020 as its CEO.
“With a heavy coronary heart, I’ve to tell that right now is my final day with the corporate. I acquired a chance to work for Go FIRST as soon as once more in August 2020 and together with your ready and energetic help I attempted to carry out to my greatest talents,” Khona stated within the e mail.
Earlier, he was with the service from 2008 to 2011.
“… the Board of Administrators determined to file for Part 10 software beneath the IBC and we nonetheless continued to offer the most effective help to the corporate. We have been hopeful that we’ll resume the operations quickly and at the least from June 2023 however it acquired delayed” he stated within the e mail accessed by PTI.
Part 10 pertains to voluntary insolvency proceedings beneath the Insolvency and Chapter Code (IBC).
Based on him, all the workers of the airline labored with “honest dedication” to get the Directorate Normal of Civil Aviation (DGCA) approval for the resumption of operations after they carried out an in depth audit for all operations and plane.
“Sadly, issues haven’t labored in our favour inspite of giant efforts. Even salaries, we’ve not been paid for nearly 6 months inspite of a number of requests and representations to all involved together with the RP, CoC (Committee of Collectors) and the Wadia Group,” he added.
The corporate has vital worth however sadly, the Decision Skilled (RP) has not discovered anybody who can take this ahead, Khona stated.
Go First stopped flying in early Could and filed for voluntary chapter proceedings amid monetary woes, primarily triggered by Pratt & Whitney engine points.
