The Directorate General of Civil Aviation (DGCA) has approved Go First's revival proposal, although it comes with specific terms and conditions. Go First, facing financial difficulties, ceased its operations on May 3 this year, despite having been in service for over 17 years.
Following their announcement of flight cancellations and the plan to file for insolvency due to ongoing Pratt & Whitney engine issues on their Airbus A320 NEO aircraft, Go First faced a challenging situation.
However, on May 10, the National Company Law Tribunal (NCLT) imposed a moratorium and appointed an Interim Resolution Professional (IRP). Later, on June 15, the Committee of Creditors (CoC) approved Shailendra Ajmera as the Resolution Professional (RP) for Go First.
The findings of the special audit were essential for DGCA to grant approval for the resumption plan. Go First promptly addressed the concerns raised during the audit to ensure the safety of their operations. This included ensuring the continued airworthiness of their aircraft and conducting satisfactory handling flights before deploying any aircraft for operations.
While the DGCA accepted the resumption plan, certain conditions must be met before Go First can resume scheduled flight operations.
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Once these conditions are met, Go First can commence its flight operations, subject to the ongoing proceedings and outcomes in the NCLT, Delhi, and other related writ petitions and applications.
With the DGCA's acceptance of Go First's flight resumption plan, the airline is one step closer to overcoming its challenges and getting back on track.