The interim resolution professional (IRP) of Go First has submitted a six-month revival plan to the Directorate General of Civil Aviation (DGCA), saying that it is ready to resume operations with 26 operational aircraft and 400 pilots on its rolls.
Sources aware of the development told FE that Go First, whose petition for voluntary insolvency was admitted by the National Company Law Tribunal (NCLT) on May 10, has told the DGCA that oil marketing companies have also offered their support. Before the carrier filed for insolvency, oil marketing companies had put its operation on cash and carry terms, which means it had to clear its dues on a daily basis.
Currently, the airline’s operations are under suspension till June 4.
