Go First shouldn’t be completely out of the woods because it attempts to make a comeback. The airline has been at loggerheads with its lessors, who aren’t blissful with not with the ability to repossess their planes resulting from the bankruptcy process. And now, the court has also asked Go First to not remove any aircraft parts, which could hamper its comeback plans.
Difficult the court’s order
India’s Go First has filed an appeal in Delhi High Court against a recent court order that forbids it to alter or remove aircraft parts. This might prove to be a big roadblock for the airline in its means of restarting business.
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Airlines often need to change aircraft components as a part of routine or unscheduled maintenance procedures. But the most recent order puts Go First in a difficult position because it prevents it from carrying out any procedures that require changing certain parts if obligatory. An individual aware of the matter told the Economic Times (ET),
Photo: Soos Jozsef | Shutterstock
He further added that it could be very difficult for the carrier to hunt permission before any such change as part replacements may very well be needed in between multiple sectors that a selected aircraft is working.
Banks apprehensive
All of this has reportedly made banks nervous about Go First’s future prospects. The airline’s lenders had approved funding of around $50 million not too way back, pending the approval of India’s aviation regulator, the DGCA.
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Things were shaping up as per the plan, with the resolution process kick-starting and banks showing confidence, but the most recent court order has the potential to derail the plans and add to the airline’s waiting time. And it doesn’t bode well for Go First to stay grounded for long. ET quotes a bank executive as saying,
Flights suspension prolonged
Meanwhile, greater than two months after halting operations, Go First’s flights proceed to stay suspended until July twelfth, in accordance with the airline’s website. A number of days ago, an Indian court instructed the DGCA and native airport authorities to permit Go First’s lessors access to their aircraft to undertake inspections and maintenance.
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Reuters has also identified to Go First’s newspaper commercial, inviting Expression of Interest for the sale of the carrier as a part of the method. The last date to use is August ninth. It stays to be seen how that plays out.
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