Page 29 - Spicejet News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Delhi HC directs DGCA to deregister all Go First aircraft New Delhi:  The Delhi High Court on Friday directed aviation watchdog, the Directorate General

The Delhi high court on Friday directed the civil aviation regulator to deregister planes leased to Go First within five working days, giving respite to the lessors. This means that the airline will have to give back all 54 aircraft to the lessors if its resolution professional (RP) does not challenge the order or ask for a stay. Justice Tara Vitasta Ganju also refused the request of the RP, represented by advocate Diwakar Maheshwari, to keep the operation of the order in abeyance for a week to enable them to file an appeal before the division Bench of the court.

Smallcap stocks rebound post-Sebi comments, with FIIs and mutual funds increasing stakes in 213 counters. Notable gainers include Transformers & Rectifiers, Puravankara, and Motilal Oswal Financial amid concerns over frothy valuations.

The court has granted access to lessors to their aircraft. The Airports Authority of India (AAI) will communicate with the lessors regarding export of aircraft and airworthiness

Go First stares at the risk of losing all 54 of its leased aircraft unless the company's resolution professional secures a stay within five working days.