Go First bankruptcy: DGCA asks Go First to submit revival plan in 30 days

Updated : May 25, 2023 17:32
|
PTI

Aviation watchdog DGCA has asked crisis-hit Go First to submit a comprehensive plan for the revival of its operations, a source said on Thursday.

The budget carrier, which is undergoing a voluntary insolvency resolution process, stopped flying on May 3.

The Directorate General of Civil Aviation (DGCA) advised the airline on May 24 to submit within a period of 30 days a comprehensive restructuring plan for a sustainable revival of operations, the source at the regulator said.

Further, the watchdog has asked the airline to furnish the status of availability of operational aircraft, pilots and other personnel, maintenance arrangements and funding, among other details, the source added.

The source said the revival plan, once submitted by Go First, will be reviewed by DGCA for further appropriate action.

Go First

Recommended For You

editorji | Business

Microsoft commits USD 17.5 billion investment in India: CEO Satya Nadella

editorji | Business

CBI books Anil Ambani's son, Reliance Home Finance Ltd. in Rs 228 crore bank fraud case

editorji | Business

RBI raises FY26 GDP growth projection to 7.3 pc

editorji | Business

RBI trims policy interest rate by 25bps to 5.25pc, loans to get cheaper

editorji | Business

Rupee slumps to all-time low of 90.25 against US dollar in intra-day trade