Go First insolvency: Travel agents claim Rs 900 crore stuck, seek govt help

TAAI President Jyoti Mayal said there was an apprehension that the travel industry and customers would lose the amounts due to them for services not rendered by the airline

A key association of travel and tourism companies in India has claimed that around Rs 900 crore is stuck with Go First in the form of advances and forward bookings, and sought the government’s help in securing refunds.  

The Travel Agents Association of India (TAAI), which has about 2,500 companies as its members, put forth the estimate in a representation to Civil Aviation Minister Jyotiraditya Scindia on Tuesday. “We need to be protected, and a law regarding refunds needs to be reconsidered. We pay advances to low-cost airlines and all tickets are issued from our credit shells created by the