With National Company Law Tribunal order, lessors will not be able to take back Go First aircraft

Amid financial and operational headwinds, Go First might well be thanking its stars on Wednesday as the NCLT ruling also restrains taking back of aircraft by lessors, who have sought repossession of the airline’s 45 planes in the last few days.

With the admission of the crisis-hit Go First’s voluntary insolvency resolution plea and moratorium that is in place, the carrier does not have to worry about losing aircraft from its fleet, at least for now.

In the past few days, various lessors of Go First have requested aviation regulator DGCA to deregister a total of 45 aircraft under the Cape Town Convention.