Crisis-Hit Go Air IRP Submits Six-Month Revival Plan To DGCA: Report

Go Air told the DGCA that oil marketing companies have extended their support to help the airline

On May 26, a group of aircraft lessors of Go First presented their case before the Delhi High Court seeking the deregistration of their planes by the DGCA.

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Crisis-hit Go Air’s interim resolution professional (IRP) has submitted a six-month revival plan with the Directorate General of Civil Aviation (DGCA), according to a report on June 2. The Financial Express reported that the airline said it was ready to resume operations with its fleet of 26 operational aircraft and 400 pilots. The airline also told the DGCA that oil marketing companies have extended their support to help Go First, the business daily reported, citing sources.

Before the airline's insolvency plea, oil marketing companies had put their operation on cash and carry terms, which means the airline had to clear its dues daily. The airline's operations have been put on hold till June 4. In addition to oil marketing companies, the revival plan also cites support of 15 of the 20 major travel agents with regard to ticketing services.

Go First airlines has also said that it can deploy two aircraft to start Delhi-Srinagar and Delhi-Leh chartered flights immediately upon receiving approval from the DGCA. The airline plans to resume scheduled services on the Pune, Bagdogra, and Goa routes. The airline also said it will be able to deploy eight to 10 aircraft for the scheduled services, the report said.

On May 26, a group of aircraft lessors of Go First presented their case before the Delhi High Court seeking the deregistration of their planes by the aviation regulator DGCA. The lessors told the high court that the denial of deregistration by the DGCA is "illegitimate".

The Delhi High Court has reserved judgment on a batch of petitions filed by lessors of Go First, seeking deregistration of their aircraft.

Meanwhile, Go First on Tuesday further extended its flight cancellation until 4 June 2023, due to 'operational reasons'. The airline said that a full refund will be issued to the original mode of payment shortly. The Wadia group-owned airline had earlier announced the suspension of flight operations until May 30.