Go First seeks more time from the aviation regulator to prepare a restructuring plan

Go First has submitted their response to DGCA show cause notice dated 08.05.2023, 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 has advised the airline on 24.05.2023 to submit, within a period of 30 days, a comprehensive restructuring/revival plan for a sustainable revival of operations. 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 sustainable revival of operations.

The revival plan once submitted by Go First shall be reviewed by DGCA for further appropriate action in the matter.

The Directorate General of Civil Aviation (DGCA) will conduct the audit in the coming days, with operations commencing following the regulator's approval, Rajit Ranjan, vice president of flight operations, told employees.

Go First has, however, cancelled its flights on May 27-28 due to issues outside the company's control, according to a source with direct knowledge of the matter.

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(With inputs from Reuters)