Stay updated with breaking news from O First Planes. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
India was initially put on the watchlist in May and assigned a negative outlook for the failure of the lessors to repossess their planes before the freeze on Go First’s assets.
In a written reply to Rajya Sabha, Minister of State for Civil Aviation V K Singh said the Directorate General of Civil Aviation (DGCA) has received applications from lessors for deregistration of a total number of 54 aircraft leased to Go First.
Go First crisis: SMBC Aviation Capital, one of the airline’s lessors, moved National Company Law Appellate Tribunal (NCLAT), challenging the NCLT order.
Go First had filed for insolvency, blaming faulty Pratt & Whitney engines for the grounding of about half of its fleet.