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DGCA has received applications from lessors to deregister 54 aircraft leased to Go First, which is currently undergoing an insolvency resolution process.
Go First Airline filed for bankruptcy at the National Company Law Tribunal (NCLT) and suspended its flight operations on May 3, 2023 due to rising losses.
The Go First airline announced to ground all its aircrafts on May 3 initially, a day after the Wadia owned air carrier filed for voluntary insolvency proceedings with the NCLT.
Budget air carrrier Go First airline has cancelled all its flights till May 26 and is expected to resume ops from May 27, as per an internal memo to the employees.
The Directorate General of Civil Aviation (DGCA), on May 8, directed Go First Airline to immediately stop sale of tickets till further orders.