homeaviation NewsGo First wants permission to fly planes even if their leases are terminated

Go First wants permission to fly planes even if their leases are terminated

The IRP of Go First has written to the DGCA and ministry of civil aviation seeking permission to fly planes where the lease has been terminated, people in the know told CNBC-TV18. 

By Ashmit Kumar  Jun 7, 2023 2:32:55 PM IST (Updated)

1 Min Read

The IRP of Go First has written to the DGCA and ministry of civil aviation seeking permission to fly planes where the lease has been terminated, people in the know told CNBC-TV18. 
The lessors have submitted before the NCLT, NCLAT that the existing rules bar flying of planes without a valid lease. The aircraft lessors claimed that the lease had been terminated before the insolvency proceedings commenced.
The IRP claimed that without flying the existing planes it would be challenging to maintain the status of the airline as going concern.