City
Epaper

Go First resolution professional set to meet regulator DGCA to discuss revival plan

By ANI | Updated: June 28, 2023 16:55 IST

New Delhi [India], June 28 : Crisis-hit Go First airline's resolution professional Shailesh Ajmera is set to meet civil ...

Open in App

New Delhi [India], June 28 : Crisis-hit Go First airline's resolution professional Shailesh Ajmera is set to meet civil aviation regulator DGCA and discuss the revival plan of the now-grounded airline. The meeting was scheduled for today afternoon.

Sources said Ajmera is going to give a presentation to the regulator about the revival plan of the airline in terms of bankers' dues, comprehensive revival plan and a number of aircraft operations.

GoFirst suspended flight operations since May 3.

The airline operator in early May filed for voluntary bankruptcy before the National Company Law Tribunal (NCLT), alleging delays on the part of US-based engine maker Pratt and Whitney for its inability to promptly meet its obligations - leading to the grounding of a portion of its fleet.

The NCLT court accepted the airline's plea and granted an interim stay to protect the airline from lenders, lessors, airports and regulators, among others.

Meanwhile, there have been reports that the grounding of the Go First flights had put pressure on airfares, particularly on select routes where the now-grounded airline had its footprint.

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Tags: DgcaNational Company Law TribunalindiaDisney IndiaNew DelhiAll India Majlis E Ittehadul MuslimeenCommunist Party Of India MarxistIndia TodayAir Asia IndiaAsia IndiaFifa U 17 World Cup IndiaAll India Football Federation
Open in App

Related Stories

NationalGolden Power: Indian Women Now Hold 24,000 Tonnes of Gold, Outshining Global Investors

MumbaiMumbai Man Pursuing PhD in US Booked for Sexually Abusing Woman on False Promise of Marriage

LifestyleCreative Rangoli Designs for Dhanteras and Diwali 2025 to Welcome Goddess Lakshmi

CricketVirat Kohli Spotted at Delhi Airport Ahead of India's Tour of Australia, Video Goes Viral

NationalDGCA Initiates Investigation After Air India Flight Reports RAT Unlock Alert During Landing of Amritsar–Birmingham Flight

Business Realted Stories

BusinessIND Classifieds Launches in Bangalore, Redefines Trust in Online Marketplaces with AI-Powered Verification and B2B Expansion Vision

BusinessHettich Strengthens its Experiential Touchpoints in Bengaluru with the Launch of its Exclusive Store

BusinessCircleChess launches Masters Pride - Connecting World's Top Players to Chess learners everywhere, 1st ever by any Chess Platform

BusinessIndia should remain vigilant after Myanmar’s crackdown on cyber scam hubs

BusinessOakridge Bachupally Welcomes Top US Universities for Student Engagement Fair