homeaviation News'Keep faith, we will emerge stronger,' says insolvency resolution professional to Go First employees

'Keep faith, we will emerge stronger,' says insolvency resolution professional to Go First employees

Insolvency Resolution Professional Lal told employees that Go First promoters voluntarily moving the NCLT, and initiating insolvency shows their intent to stay and run the airline.

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By Madeeha Mujawar  May 11, 2023 9:35:30 PM IST (Updated)

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'Keep faith, we will emerge stronger,' says insolvency resolution professional to Go First employees
Insolvency Resolution Professional Abhilash Lal today addressed Go First employees as he takes on the task of reviving the beleaguered airline.

According to sources, Abhilash Lal who represents advisory firm Alvarez & Marsal urged employees to keep faith and cooperate in the 180-day resolution process.
The IRP told employees there's a lot that needs to be achieved in the tight deadline including raising funds to restart operations.
His message to employees was aimed at assuring the staff who are extremely concerned about the airline's prospects.
Lal told employees that Go First promoters voluntarily moving the NCLT and initiating insolvency shows their intent to stay and run the airline. Seeking their support, the IRP said everything at the airline will remain unchanged including their roles and responsibilities.
Further, the IRP urged employees to continue doing the good work to the highest level of excellence that they have been doing so far.

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