News Brief
DGCA Asks Go First To Submit A Revival Plan In 30 Days
A Go First aircraft. (Representative image)
The Directorate General of Civil Aviation (DGCA) has asked the crisis-hit Go First airline to submit a comprehensive plan for the revival of its operations.
The budget carrier, currently undergoing a voluntary insolvency resolution process, had stopped flying on 3 May.
According to the DGCA sources, the aviation watchdog has advised the airline on 24 May to submit within a period of 30 days a comprehensive restructuring plan for a sustainable revival of operations.
Further, the watchdog has asked the airline to furnish the status of availability of operational aircraft, pilots and other personnel, maintenance arrangements and funding, among other details, the source said the revival plan, once submitted by Go First, will be reviewed by DGCA for further appropriate action.
Go First has submitted their response to DGCA show cause notice on 8 May 2023, wherein they have requested that they may be allowed to use the moratorium period to prepare a comprehensive restructuring plan for restarting operations and present the same to DGCA for the requisite regulatory approvals before restarting operations.
Accordingly, DGCA has advised the airline on 24 May to submit, within a period of 30 days, a comprehensive restructuring/revival plan for a sustainable revival of operations.
The airline has been asked to furnish details of the status of availability of operational aircraft fleet, post holders required, pilots and other personnel, maintenance arrangements , funding/working capital, arrangements with lessors and vendors etc., for sustainable revival of operations.
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