Go First sets up co with former staff to deal with leasing firms

Targeted by contempt petitions from aircraft lessors on non-disclosure of plane documents, bankrupt airline Go First has floated a company with its former employees to liaise with the leasing companies.

In December, the airline floated SP Mumbai Aviation, led by Sachin Naik, a former employee in the aircraft finance department. In letters to aircraft lessors, which ET has seen, Go First’s resolution professional said the company has been formed “by certain Go First” employees for the “collation of aircraft records/documents”.