Aviation News

HC issues notice to lessors, RP & DGCA, Infra News, ET Infra

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NEW DELHI: The Delhi High Court on Monday issued a formal notice to the lessors of cash-strapped airline Go First, its resolution professional and the aviation regulator DGCA after the lessors opposed making lenders party in their deregistration pleas.

The lessors said that lenders were neither proper nor necessary parties. To examine the issue further, a formal notice has been issued.

On May 26, aircraft lessors – Pembroke Aircraft Leasing 11 Ltd, SMBC Aviation Capital Ltd, Accipiter Investments Aircraft 2 Ltd and EOS Aviation 12 (Ireland) Ltd, SFV Aircraft Holdings IRE 9 DAC Ltd, ACG Aircraft Leasing Ireland Ltd and DAE SY 22 13 Ireland Designated Activity Company – had moved the high court seeking deregistration of their planes by the DGCA to take them back from the airline.

Go Airlines, which operated the Go First carrier, had filed for bankruptcy protection in May blaming “faulty” Pratt & Whitney engines for the grounding of about half its 54 Airbus A320neos. The Raytheon-owned engine maker has said the claims are without merit.

The company earlier this month invited investor interest in the company through a court-appointed administrator. The last date to submit an expression of interest (EOI) is August 9.

The DGCA last week granted approval to airline Go First’s plan to resume operations, subject to specific conditions. A special safety audit was also conducted by the DGCA from 4 to 6 July. “Accordingly, Go First, as a going concern, may commence flight operations subject to the conditions including compliance of all the applicable regulatory requirements for holding an Air Operator Certificate shall be ensured at all times.Continuing airworthiness of the aircraft engaged in operations shall be ensured at all times,” the notification read.

“No aircraft shall be deployed for operations without undertaking a satisfactory handling flight. Any change in the company which has a bearing on the resumption plan submitted by the RP shall be promptly notified to the DGCA,” it read.

(With inputs from Indu Bhan of ETBureau and other agencies)

  • Published On Jul 24, 2023 at 01:21 PM IST

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