Lessors of Go First have requested the Directorate General of Civil Aviation (DGCA) to de-register 54 aircraft leased to the airline. This is because Go First is currently undergoing an insolvency resolution process, and the lessors are concerned about the financial viability of the airline.
The DGCA has said that it will process the applications for de-registration, but the outcome is uncertain. If the applications are approved, it will mean that Go First will have to ground 54 aircraft, which could severely impact its operations.
Go First has been given the green signal to resume operations, but it is unclear how it will be able to do so with a reduced fleet. The airline has said that it is working on a plan to re-lease the aircraft that have been de-registered, but it is not clear if this will be successful.
The Go First crisis is a reminder of the challenges facing the Indian aviation industry. The industry is struggling with high fuel prices and rising competition, and the insolvency of Go First could have a knock-on effect on other airlines.
It remains to be seen how the Go First crisis will be resolved. However, it is clear that the airline is facing a difficult situation, and it is possible that it may not be able to survive.
Here are some of the implications of the Go First crisis:
- It could lead to job losses in the aviation industry.
- It could disrupt travel plans for passengers.
- It could damage the reputation of the Indian aviation industry.
- It could make it more difficult for airlines to secure financing in the future.
The Go First crisis is a serious situation, and it is important to monitor the developments closely.
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