Description
Go First , founded as GoAir , was an Indian ultra-low-cost airline based in Mumbai, Maharashtra. It was owned by the Indian business conglomerate, Wadia Group. In October 2017, it was the fifth largest airline in India with an 8.4% passenger market share. It commenced operations on 4 November 2005 and operated a fleet of Airbus A320 aircraft in an all economy configuration.
In March 2020, the airline operated over 330 daily flights to 36 destinations, including 27 domestic and nine international destinations, from its bases at Mumbai, Delhi, Bangalore, Kolkata, Hyderabad and Chandigarh, and Kannur. The airline was planning to launch an IPO to raise Rs 36 billion from the primary market and has filed a DRHP for the same with Indian stock market regulator, Securities and Exchange Board of India (SEBI). The airline ceased operations on 3 May 2023. The airline justified this step with problems with its Pratt & Whitney GTF high-bypass turbofan engines which are operated by the entire A320neo fleet of the airline, and filed an application for voluntary insolvency resolution proceedings before the National Company Law Tribunal.
