The Directorate General of Civil Aviation (DGCA) has deregistered all 54 aircraft of Go First, offering relief to aircraft leasing companies. This action comes 364 days after the Wadia-owned company filed for bankruptcy. Following a directive from the Delhi High Court, DGCA processed the deregistration applications within five working days. Lessors, backed by major banks, had to navigate a legal battle to reclaim their aircraft, which had been restrained during the insolvency process.
Disclaimer : Mymoneytimes implements extreme caution and care in collecting data before publication. Mymoneytimes does not liable for the adequacy, accuracy or completeness of any given information. Hence we are not liable for any kind of direct or indirect loss caused by the use of such information.