India’s cash-strapped airline cancels flights for 3 days ...Middle East

NEW DELHI: India’s private airline Go First has announced cancellation of flights for three days since Wednesday for “operational reasons,“ and offered a full refund to all those who had booked tickets with it, according to a statement of the company, reported Xinhua.The airline is known to be suffering from a severe financial crisis, while some of its aircraft have also been grounded due to supply chain issues. Wadia Group, the owner of Go First Airlines, is “reluctant to inject further funds after spending over US$300 billion,“ the Hindustan Times reported.The cash-strapped airline has filed an application for voluntary insolvency resolution proceedings to the National Company Law Tribunal

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