November 05, 2024 18:02 (IST)
Follow us:
facebook-white sharing button
twitter-white sharing button
instagram-white sharing button
youtube-white sharing button
Union Minister HD Kumaraswamy booked for threatening cop probing into mining case | Supreme Court upholds validity of Uttar Pradesh Madrasa Education Act | Not all private properties are community resources that govt can take over: Supreme Court | Pakistan's Lahore has become world's most polluted city with an AQI of 1900 on Sunday | Indian Army 'successfully completes' patrolling to a key point in Ladakh's Depsang region
DGCA allows Go First 30 days to submit revival plan
Go First
Image Credit: flygofirst.com

DGCA allows Go First 30 days to submit revival plan

| @indiablooms | 26 May 2023, 11:30 pm

New Delhi: Aviation regulator Directorate General of Civil Aviation (DGCA) has allowed cash-strapped airline Go First a 30-day period to present a detailed plan for reviving its operations, media reports said.

Earlier, the airline had stated that it currently does not have a specific timeframe for resuming its operations.

Go First has filed for voluntary resolution and stopped operations on May 3.

On May 24, the Directorate General of Civil Aviation (DGCA) instructed the airline to submit a comprehensive restructuring plan within a 30-day timeframe to ensure a sustainable revival of its operations, said media reports.

The authorities have asked Go First to provide information regarding the status of its operational aircraft fleet, pilots, and other personnel, as well as details on maintenance arrangements, funding and working capital, and agreements with lessors and vendors.

Economic Time reported citing sources Go First has submitted its response to the show cause notice issued by the DGCA on May 8.

In its reply, the airline has requested permission to use the moratorium period to create a comprehensive restructuring plan for the resumption of operations. The company intends to present this plan to the aviation watchdog for approval before restarting its operations.

Support Our Journalism

We cannot do without you.. your contribution supports unbiased journalism

IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.

Support objective journalism for a small contribution.