- Delhi High Court directs DGCA to deregister 54 leased aircraft to GoFirst within five working days.
- Relief for aircraft lessors as they can now reclaim their planes following GoFirst’s bankruptcy declaration.
- Airports Authority of India to coordinate with lessors on aircraft export and airworthiness, as per court order.
The Delhi High Court has ordered the DGCA to deregister all 54 leased aircraft to GoFirst within the next five working days, marking a significant development in the airline’s bankruptcy case. This decision provides relief to aircraft lessors who can now reclaim their planes following GoFirst’s declaration of insolvency nearly a year ago.
The High Court’s directive requires the resolution professional to furnish up-to-date information on the aircraft to the lessors, facilitating their access to the planes. Additionally, lessors who choose not to export their aircraft can seek appropriate measures through the court.
The Airports Authority of India (AAI) will liaise with the lessors regarding the export of aircraft and their airworthiness, as specified by the court. This ruling follows a writ filed by aircraft lessors, including Pembroke Aviation and Accipiter Investments Aircraft 2, seeking the release of planes leased to the financially troubled airline.
Meanwhile, amidst the legal proceedings, two bids have been submitted for GoFirst—one from a consortium led by SpiceJet chief Ajay Singh and Nishant Pitti’s Busy Bee Airways, and another from Sharjah-based Sky One. The airline’s lenders are yet to make a final decision on these bids. GoFirst entered the insolvency resolution process in May last year after filing for voluntary insolvency.
