Go First has reportedly submitted its six-month revival plan to aviation regulator Directorate General of Civil Aviation (DGCA). The interim resolution professional of the airline submitted the plan.
According to a Financial Express report, the crisis-hit airline plans to resume operations using 26 aircraft and 400 pilots. The airline has also told the regulator in its plan that oil marketing companies have also offered their support.
The report stated that the airline has cited support of 15 of 20 major tourism agents of the country.
Go First has informed DGCA that it can start chartered flights on the Delhi-Leh and Delhi-Srinagar routes immediately if it receives approval, according to the report. The airline has also said that after few days, it can also begin operations Pune, Bagdogra and Goa routes.
DGCA on May 24 asked the airline to submit a revival plan within 30 days. The regulator had asked the airline to include details about availability of aircraft, pilots and other staff required for sustainable operations.
The airline had earlier canceled its flights till June 4. It has not operated since May 3, a day after it filed for bankruptcy.
National Company Law Tribunal (NCLT) had admitted its voluntary insolvency plea and granted the airline a moratorium on its financial obligations. The order was challenged by airline’s lessors in National Company Law Appellate Tribunal (NCLAT). However, NCLAT dismissed the challenge filed by lessors, with the liberty to approach the NCLT again over termination of lease issue.
According to reports, DGCA has also put on hold the lessors request for repossession of their aircraft. Reuters had reported that the regulator took the decision in view of the assets freeze imposed on Go First.
