New Delhi: Aviation watchdog DGCA (Directorate General of Civil Aviation) gave an order to the cash-strapped Go First Airlines to submit a detailed plan in order to restart its operations, a source, close to the matter told PTI on May 25.
Low-fare airlines whose plea for voluntary insolvency was approved by NCLT (National Company Law Tribunal) stopped their flying operations on May 3.
The DGCA guided the commercial airline on May 24 to submit a broad restructuring plan for a sustainable revival of operations in 30 days, a source at the regulator said.
Go First’s Submission
A senior DGCA official informed to news agency ANI that Go First has submitted their response to a show cause notice, issued on May 8, 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.
Moreover, the aviation regulator requested the airline to provide the status of availability of operational aircraft, pilots and other personnel, maintenance arrangements and funding with other details, as per sources.
However, the staff of Go Airlines has been assured about their April salaries that it will be credited to each person’s account before starting of operations.
On May 8, DGCA issued a show cause notice to the Go airline under the relevant provisions of the Aircraft Rules, 1937, for its inability to restart the operation of the services in a safe, efficient and reliable manner. Upon the show cause notice, Go First’s response have been submitted.
On May 2, the beleaguered airline announced filing the plea for voluntary insolvency resolution proceedings, after which the airline blamed the engine maker Pratt and Whitney for their faulty engines causing Go airline a cash crisis.
