Go First, formerly known as GoAir, has filed for bankruptcy, and as a result, has been canceling a number of its flights. Because of the negative impact of the COVID-19 pandemic on the aviation industry, GoAir has been facing financial difficulties that have made it impossible for the airline to continue operations. Despite Go First’s troubles, rival airlines like Air India and IndiGo have increased their flight frequencies, taking advantage of the situation to capture a larger market share. Air India has announced that it will add more flights to domestic and international destinations, while IndiGo has announced plans to add more flights to its domestic network.
Meanwhile, Go First continues to cancel flights, with the latest round of cancellations affecting flights until May 23. The airline has said that it is working to accommodate affected passengers on alternative flights, but many customers have expressed frustration over the cancellations. Other Indian airlines, like Jet Airways and SpiceJet, have also suffered financial losses as a result of the COVID-19 outbreak. The Indian aviation sector has encountered considerable hurdles in recent years, with several airlines battling to continue operations amidst the slump. However, they have managed to weather the storm and are now back on track.
Go First has yet to announce its plans for the future. However, some analysts have suggested that the airline may be acquired by a larger company, which would allow it to continue operating under a new management structure. Other analysts have suggested that Go First may be forced to shut down if it is unable to find a buyer or restructure its debt. The situation with Go First highlights the challenges faced by the Indian aviation industry in the wake of the COVID-19 pandemic. Despite the challenges, however, many airlines continue to expand their operations and increase their market share, suggesting that there may still be opportunities for growth in the sector.
