Go First Strategizing to Resume Flights at the Earliest Opportunity
According to an official, Go First, the airline facing a crisis, is actively engaged in devising a strategy to recommence its operations as soon as possible. The National Company Law Tribunal (NCLT) accepted the airline’s voluntary plea on May 10, initiating insolvency resolution proceedings that the airline is currently undergoing. However, certain lessors who had leased aircraft to the airline have objected to the insolvency proceedings, seeking the return of their leased planes.
A high-ranking official from the Directorate General of Civil Aviation (DGCA) revealed on Tuesday that Go First has submitted its response to the show cause notice issued to them.
Go First
“Their response indicates that they are diligently working on the intricate details of a plan to resume flights without delay,” stated the official.
The budget carrier received a show cause notice from the DGCA on May 8, in accordance with the relevant provisions of the Aircraft Rules, 1937. The regulatory authority issued the notice because the carrier failed to maintain a safe, efficient, and reliable operation of its services. The notice required a response within 15 days.
Simultaneously, on the same day, the regulatory body instructed the financially struggling carrier to immediately cease accepting bookings and selling tickets, directly or indirectly, until further instructions.
Earlier, on May 2, Go First had announced its decision to file for voluntary insolvency resolution proceedings and suspend flights, initially for a two-day period on May 3 and 4.
During that time, the DGCA had also issued a show cause notice to Go First regarding the cancellation of flights on May 3 and 4 without any prior notification.
The airline has currently canceled all of its flights until May 26.
On Monday, the National Company Law Appellate Tribunal (NCLAT) affirmed the NCLT’s ruling to accept Go First’s request for voluntary insolvency resolution proceedings. This decision was made in response to petitions submitted by four lessors who objected to the airline’s insolvency resolution proceedings.
Regarding the matter concerning Go First, Civil Aviation Minister Jyotiraditya Scindia stated on May 2 that it is wise to allow the legal process to unfold and reach its conclusion.
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