If Go First fails to receive any relief on this front, the Directorate General of Civil Aviation (DGCA) will have to take call on the demand of the lessors to deregister the aircraft.
During the hearing last Thursday, while reserving its order on the airline's plea for an interim moratorium, the NCLT had noted that there was no such provision in the Insolvency and Bankruptcy Code and that only an absolute moratorium was possible.
Go First chief executive officer, Kaushik Khona said on Saturday that the airline was in a position to resume flights within a week if the tribunal restrained lessors from re-possessing the planes. With half of its Airbus A320 Neo fleet grounded, due to engine troubles, the carrier has lost ₹10,800 crore in revenue.
Denne historien er fra May 10, 2023-utgaven av Financial Express Mumbai.
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Denne historien er fra May 10, 2023-utgaven av Financial Express Mumbai.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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Murdoch ally helps Ambani build media empire in India
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