MUMBAI- As reported by PTI, Industry experts anticipate prolonged efforts by lessors to relocate Go First deregistered aircraft, attributing the delay to crucial maintenance requirements.
Out of the 54 planes, approximately 24, previously airworthy, have lacked continuous upkeep since the airline ceased operations in May. Additionally, 30 aircraft are devoid of engines and essential spare parts, further complicating their relocation process.
DGCA Deregister Go First Planes
In response to a Delhi High Court ruling on April 26, the Directorate General of Civil Aviation (DGCA) deregistered all 54 remaining planes leased by Go First.
This decision, prompted by the court’s directive to facilitate lessors’ repossession, signifies a pivotal step in the airline’s insolvency resolution process.
The deregistration of Go First’s aircraft poses significant challenges to the airline’s revival efforts. With limited remaining assets, the prospect of reinstating operations becomes increasingly daunting for stakeholders involved in the insolvency resolution process.
The dearth of viable assets underscores the uphill battle facing the airline amidst its financial turmoil.
Technical Hurdles
The intricate process of relocating deregistered aircraft necessitates meticulous attention to technical specifications and regulatory compliance.
Lessors confront the arduous task of securing approvals from Pratt & Whitney and Airbus for engine replacements and technical ferrying.
Moreover, the grounded status of these aircraft for over a year mandates comprehensive inspections and certifications to ensure airworthiness before departure.
Vman’s CEO, Vishok Mansingh, sheds light on the operational complexities associated with Go First’s fleet.
While some aircraft may require minimal maintenance to resume flight operations, others face protracted delays due to the unavailability of engines and spare parts. Mansingh’s assessment underscores the multifaceted challenges confronting lessors in repatriating Go First’s aircraft fleet.
Any Chance of Revival?
Despite the formidable obstacles, Go First’s insolvency resolution process continues, with prospective bidders vying for the airline’s assets and operations.
The emergence of shortlisted bidders, including Busy Bee Airways and Sky One, signals tentative optimism for the airline’s eventual revival. However, the chances look slim as Air India (AI) and IndiGo (6E) are expanding rapidly with new orders.
Also, recent problems with Akasa Air (QP) and long ongoing disputes between SpiceJet (SG) and its lessors signal a challenging environment for operating an airline in India.
The Delhi High Court expedites deregistration for Go First’s fleet, highlighting the need for regulatory intervention in aviation disputes.
A time-bound mechanism for lessors’ repossession aims to minimize legal proceedings during insolvency.
Stakeholders across the aviation industry are crucial in navigating Go First’s challenges, with regulatory authorities streamlining processes and lessors coordinating technical logistics to restore stability.
All Photos by: Harsh Tekriwal
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The post End of Go First as DGCA Deregister all of its Planes appeared first on Aviation A2Z.