Go First Gets Regulator Approval To Resume Flights, But There Are Conditions
NDTV
The Directorate General of Civil Aviation (DGCA), India's aviation regulator, has approved troubled airline Go First's plan to resume flight operations, provided certain conditions are met, officials said on Friday.
Go First, previously under the operation of Go Airlines, had to halt flights and filed for insolvency in early May 2023, citing ongoing issues with the Pratt & Whitney engines on their Airbus A320 NEO aircraft. The engine manufacturer dismissed the allegations, stating the claims were without merit.
The National Company Law Tribunal (NCLT) imposed a moratorium and appointed an Interim Resolution Professional (IRP) on May 10, 2023. On June 9, Shailendra Ajmera was appointed by the Committee of Creditors (COC) as the Resolution Professional (RP) for Go First, a decision that was later approved by the NCLT.
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