Go First revival chance fades as HC allows lessors to reclaim 54 aircraft

The recent Delhi High Court ruling permitting lessors to deregister and reclaim the 54 Go First aircraft has ended creditors’ hopes of obtaining a favourable valuation for the now-defunct airline. Without these planes, there are few assets left for the airline to be sold as a viable entity, potentially disrupting the current bankruptcy proceedings with no prospect of revival.

The lenders will meet on Monday to determine the future course of action.