DGCA advises Go First to submit revival plan within 30 days

ANI
25 May 2023, 17:26 GMT+10

New Delhi [India], May 25 (ANI): The Directorate General of Civil Aviation (DGCA) on Wednesday advised Go First Airlines to submit a comprehensive restructuring plan for a sustainable revival of operations.

A senior DGCA official informed that Go First has submitted their response to a show cause notice, issued on May 8, wherein they have requested that they may be allowed to use the moratorium period to prepare a comprehensive restructuring plan for restarting operations and present the same to DGCA for the requisite regulatory approvals before restarting operations.

Accordingly, DGCA advised the airline on Wednesday to submit a comprehensive restructuring/revival plan for a sustainable revival of operations, within a period of 30 days.

"The airline has been asked to furnish,inter-alia, the status of availability of operational aircraft fleet, post holders required, pilots and other personnel, maintenance arrangements, funding/working capital, arrangements with lessors and vendors etc. for the sustainable revival of operations," the official said.

The revival plan once submitted by Go First shall be reviewed by DGCA for further appropriate action in the matter, the official added. (ANI)

Watch latest videos

News RELEASES

Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Travel Trade.

More Information

null in null

Business

Section

FTC’s rule to ease subscription cancellations struck down by court

WASHINGTON, D.C.: A federal rule designed to make it easier for Americans to cancel subscriptions has been blocked by a U.S. appeals...

Musk’s X loses CEO Linda Yaccarino amid AI backlash, ad woes

BASTROP, Texas: In a surprising turn at Elon Musk's X platform, CEO Linda Yaccarino announced she is stepping down, just months after...

Ex-UK PM Sunak takes advisory role at Goldman Sachs

NEW YORK CITY, New York: Former British prime minister Rishi Sunak will return to Goldman Sachs in an advisory role, the Wall Street...

Gold ETF inflows hit 5-year high as tariffs drive safe-haven bets

LONDON, U.K.: Physically backed gold exchange-traded funds recorded their most significant semi-annual inflow since the first half...

PwC: Copper shortages may disrupt 32 percent of chip output by 2035

AMSTERDAM, Netherlands: Some 32 percent of global semiconductor production could face climate change-related copper supply disruptions...

U.S. stocks recover after Trump-tariffs-induced slump

NEW YORK, New York - U.S. stocks rebounded Tuesday with all the major indices gaining ground. Markets in the UK, Europe and Canada...

Airlines

Section