Go First – Artifex.News https://artifexnews.net Stay Connected. Stay Informed. Thu, 12 Oct 2023 18:02:30 +0000 en-US hourly 1 https://wordpress.org/?v=6.6.2 https://artifexnews.net/wp-content/uploads/2023/08/cropped-Artifex-Round-32x32.png Go First – Artifex.News https://artifexnews.net 32 32 Court Allows Go First Lessors To Engage Security For Aircraft https://artifexnews.net/court-allows-go-first-lessors-to-engage-security-for-aircraft-4476366rand29/ Thu, 12 Oct 2023 18:02:30 +0000 https://artifexnews.net/court-allows-go-first-lessors-to-engage-security-for-aircraft-4476366rand29/ Read More “Court Allows Go First Lessors To Engage Security For Aircraft” »

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New Delhi:

The Delhi High Court has permitted the lessors of then crisis-hit Go First to engage security personnel round-the-clock for protecting their aircraft that are lying idle for several months.

The court passed an interim order on multiple applications by several lessors seeking maintenance of their aircraft. The lessors have also sought deregistration of their planes by aviation regulator DGCA (Directorate General of Civil Aviation) so they could take them back from the airline.

The Court ordered that the DGCA, through the Bureau of Civil Aviation Security, permit duly verified security personnel to monitor the aircraft.

In an interim order on July 5, the court had allowed the lessors to inspect their aircraft at least twice a month and carry out maintenance.

It had said there can be no denial of the fact that the aircraft of the petitioner lessors are highly valuable and sophisticated equipment and require maintenance for their preservation.

It had also restrained Go First and its representatives, and the RP appointed by the NCLT, from removing, replacing or taking out any part or components, or records of the 30 aircraft except with the prior written approval of the lessor of the particular airplane.

The court had asked DGCA to permit the lessors, their employees and agents to access the airport, where their aircraft are currently parked, and to inspect them within three days.

Earlier, The NCLT-appointed RP, tasked with managing Go First, had told the high court that returning aircraft to the lessors will render the airline, which has 7,000 employees to look after, “dead”.

On May 10, the National Company Law Tribunal (NCLT) had admitted the airline’s voluntary insolvency resolution petition and appointed Abhilash Lal as the Interim RP to manage the carrier.

On May 22, the NCLAT upheld the order of the Delhi-based principal bench of NCLT, which had admitted the plea of Go First to initiate voluntary insolvency resolution proceedings, and appointed the IRP to suspend the company’s board.

Several lessors approached the aviation regulator for deregistration and repossession of 45 planes they had leased to the carrier.

Go First has stopped flying since May 3.



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DGCA approves Go First’s flight resumption plan with certain conditions https://artifexnews.net/article67105522-ece/ Fri, 21 Jul 2023 11:06:34 +0000 https://artifexnews.net/article67105522-ece/ Read More “DGCA approves Go First’s flight resumption plan with certain conditions” »

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Budget carrier Go First, which stopped flying on May 3, is undergoing an insolvency resolution process. File.
| Photo Credit: Reuters

Aviation regulator DGCA on July 21 said it has approved Go First’s plan to restart operations with 15 aircraft and 114 daily flights, subject to certain conditions.

Budget carrier Go First, which stopped flying on May 3, is undergoing an insolvency resolution process.

In a release, the Directorate General of Civil Aviation (DGCA) said the airline’s resumption plan for operating 15 aircraft and 114 daily flights has been reviewed and accepted.

Also read: Explained | The troubles of India’s aviation industry

“The acceptance is subject to the outcome of the writ petitions/ applications pending before the Hon’ble High Court of Delhi & Hon’ble NCLT, Delhi,” it said.

Go First may resume scheduled flight operations on the availability of interim funding and approval of flights scheduled by DGCA, the release said.

Further, the regulator has directed Go First to ensure compliance with all the applicable regulatory requirements and the continued airworthiness of the aircraft engaged in operations.

Watch | All you need to know about the GoFirst crisis

The airline’s Resolution Professional (RP) submitted the resumption plan to DGCA on June 28, and subsequently, the regulator conducted a special audit of the carrier’s facilities in Mumbai and Delhi.

“DGCA has ensured that the findings of the special audit have been adequately addressed by Go First,” the release said, adding that the resumption plan was amended on July 15.



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