Go First gets up to 30 days to submit revival plan, to give info on fleet
India’s aviation regulator has given Go First up to 30 days to submit a comprehensive revival plan, after the airline filed for insolvency and suspended flights on May 2.
Go First was served a show cause notice by the Directorate General of Civil Aviation on May 8. On May 10, the National Company Law Tribunal (NCLT) admitted the airline’s voluntary insolvency petition.
The airline, in its response to DGCA’s notice, said on Wednesday that it should be allowed to use the moratorium period to prepare a comprehensive restructuring plan.
