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. Read The Rest at :
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