More trouble for Go First as lessors file for repossession of 20 planes

Indian airline Go First’s effort to start insolvency proceedings got further complicated as lessors of 20 aircraft to the bankrupt airline have asked the Indian aviation watchdog Director General of Civil Aviation (DGCA) to deregister them as a step towards taking them back. DGCA has published the details of the lessors and their requests on its website.

GY Aviation Lease, SMBC Aviation Capital, Banas Aviation Leasing Limited, Narmada Aviation Leasing Limited are among the lessors who have submitted requests to take back at least 20 planes including the brand new Airbus 320 neo jets on Thursday. The regulator should typically deregister the planes within five working days