Go First intends to restart flights “as soon as possible” with 22 plane in fleet, in accordance to the revival plan authorized by the Committee of Creditors and shared with the DGCA in a gathering on Wednesday.
The assembly on the DGCA’s headquarters was held to search approval for restart of operations. The Resolution Professional (RP), Shailendra Ajmera, made a two-hour lengthy presentation.
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“The RP will formally submit the presentation to us, which will be scrutinised at our end, following which a decision will be made in a day or two,” a senior DGCA official instructed The Hindu.
The airline has mentioned one other 4 plane will probably be stored in reserve. Go First intends to begin 157 flights on 78 routes. These will probably be a mixture of industrial passenger in addition to constitution flights for the Ministry of Defence, the above quoted official defined.
The assembly follows an interim funding of ₹450 crore authorized by the Committee of Creditors comprising the Central Bank of India, Bank of Baroda and IDBI Bank. The airline had moved the National Company Law Tribunal in May to search insolvency safety, and the courtroom accepted its plea.