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GoFirst Payment Declined: Big news related to the domestic airlines company GoFirst is coming out. Wadia Group’s aviation company Go First has stopped the payment of its employees, hotel vendors and transport vendors in February 2023. It is being told that this payment is about Rs 5 crore.
no payment done in february
According to Moneycontrol, an official working with GoFirst says that the airline regularly pays its fuel vendors, but everyone else is being paid intermittently. At least the hotel and transport vendors have not been paid this month. He said the airline has paid employees up to the rank of an assistant manager, including its ground staff and cabin crew, but is yet to pay senior employees across departments, including pilots and engineers. GoFirst has stopped payment of Rs 5 crore to its employees, hoteliers and transport vendors in February.
600 crore availed in ECLGS
Pilots usually earn around Rs 1-1.25 lakh as salary every month, while senior pilots earn around Rs 5 lakh as salary every month. The airline is in discussion with its vendors, and has assured payment to them after receiving Rs 210 crore under the government’s Emergency Credit Line Guarantee Scheme (ECLGS) by the end of February. So far GoFirst has availed Rs 600 crore under ECLGS. Subsequently, the airline has also stopped payments to vendors as it wants to pay Pratt & Whitney for the delivery of the engines. He said that till February 15, nine GoFirst planes have been grounded.
What is the target of Gofirst
Airline company Pratt & Whitney is grappling with engine issues after the Corona Pandemic, which has forced several aircraft to be grounded due to lack of spares. GoFirst aims to have 53 operational aircraft in its fleet by the beginning of April 2023. In all GoFirst has a fleet of 61 aircraft and approximately 265 pilots are employed to operate them.
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