Delhi HC allows lessors' plea seeking deregistration of all 54 Go First aircraft, restrains carrier from flying them

economictimes.indiatimes.com:

Delhi High Court on Friday allowed the lessors' plea which sought deregistration of the company's 54 aircraft.
The court ordered deregistration of Go First's 54 planes in five working days which were subject matter of the case. The court has also restrained Go First from flying these planes.

Indian civil aviation regulator DGCA has been asked to facilitate the export of aircraft and provide certificate of airworthiness.

The Resolution Professional of Go First has also been restrained from replacing, taking out any accessories, spare parts, documents or any other material from the planes. The RP has been ordered to provide up to date information and documentation in relation to the aircraft to the lessors.

Earlier this month, the National Company Law Tribunal extended the timeline for Go First's insolvency proceedings for 60 more days, against the previous deadline of April 4, 2024.

Go First's RP informed the tribunal that the insolvency proceedings were in the final stage as the CoC was currently talking over the two resolution plans for the bankrupt airlines.

The two bidders include Sky One, an aviation firm headquartered in Sharjah led by Jaideep Mirchandani, and Ajay Singh, the promoter of domestic airline SpiceJet, along with Busy Bee Airways, owned by Nishant Pitti, who also owns the online travel portal EaseMyTrip.

The grounded airline owes its creditors over Rs 6,200 crore.