+
DGCA Deregisters Go First's 54 Planes
AVIATION & AIRPORTS

DGCA Deregisters Go First's 54 Planes

The Directorate General of Civil Aviation (DGCA) has deregistered 54 planes belonging to Go First amidst the airline's bankruptcy proceedings. This regulatory action underscores the challenges faced by the aviation sector and highlights the need for effective measures to manage the fallout of airline insolvency.

Go First, formerly known as GoAir, has been grappling with financial difficulties, prompting the DGCA to take decisive steps to safeguard aviation safety and regulatory compliance. The deregistration of the airline's planes is aimed at mitigating risks and ensuring the orderly transition of assets during the bankruptcy process.

The move by the DGCA is expected to have significant implications for Go First's operations and future prospects. Deregistration of aircraft can impact an airline's ability to operate flights, maintain schedules, and meet contractual obligations with passengers and stakeholders.

The decision reflects the regulatory authority's commitment to upholding safety standards and protecting the interests of passengers and the aviation industry at large. It underscores the importance of proactive regulatory oversight in safeguarding the integrity and stability of the aviation sector.

Amidst the turbulence caused by Go First's bankruptcy, the DGCA's action sends a clear message about the importance of financial stability and compliance with regulatory requirements in the aviation industry. It underscores the need for airlines to adopt sound financial practices and contingency plans to mitigate the risks of insolvency.

Overall, the deregistration of Go First's planes by the DGCA highlights the challenges facing the aviation sector and underscores the importance of regulatory vigilance in managing airline bankruptcies and ensuring the safety and reliability of air travel.

The Directorate General of Civil Aviation (DGCA) has deregistered 54 planes belonging to Go First amidst the airline's bankruptcy proceedings. This regulatory action underscores the challenges faced by the aviation sector and highlights the need for effective measures to manage the fallout of airline insolvency. Go First, formerly known as GoAir, has been grappling with financial difficulties, prompting the DGCA to take decisive steps to safeguard aviation safety and regulatory compliance. The deregistration of the airline's planes is aimed at mitigating risks and ensuring the orderly transition of assets during the bankruptcy process. The move by the DGCA is expected to have significant implications for Go First's operations and future prospects. Deregistration of aircraft can impact an airline's ability to operate flights, maintain schedules, and meet contractual obligations with passengers and stakeholders. The decision reflects the regulatory authority's commitment to upholding safety standards and protecting the interests of passengers and the aviation industry at large. It underscores the importance of proactive regulatory oversight in safeguarding the integrity and stability of the aviation sector. Amidst the turbulence caused by Go First's bankruptcy, the DGCA's action sends a clear message about the importance of financial stability and compliance with regulatory requirements in the aviation industry. It underscores the need for airlines to adopt sound financial practices and contingency plans to mitigate the risks of insolvency. Overall, the deregistration of Go First's planes by the DGCA highlights the challenges facing the aviation sector and underscores the importance of regulatory vigilance in managing airline bankruptcies and ensuring the safety and reliability of air travel.

Next Story
Infrastructure Urban

Gentari and Shell team up to boost EV charging network in India

Gentari Green Mobility India and Shell India have entered into a strategic roaming partnership aimed at improving electric vehicle (EV) charging accessibility across the country. Starting from 10 July, users of the Gentari Go app will be able to access Shell Recharge charging stations, while Shell Recharge users will also gain access to Gentari’s charging network, covering over 450 chargers.This collaboration is designed to expand the EV charging infrastructure and improve service quality in India by enabling interoperability between the two platforms. Gentari Go already operates more than 3..

Next Story
Infrastructure Transport

Maharashtra may allow higher FSI in Mumbai airport funnel zone

The Maharashtra government is considering the possibility of allowing higher potential Floor Space Index (FSI) for buildings located within Mumbai's airport funnel zone, in response to the redevelopment challenges caused by stringent height restrictions in these areas.The affected regions mainly include Vile Parle, Santacruz, and Kurla. As part of its revised policy for the funnel zone, the state government is, for the first time, offering Transfer of Development Rights (TDR) specifically for redevelopment purposes rather than for land acquisition.The issue was highlighted in the Assembly, whe..

Next Story
Infrastructure Transport

Adani Ports, Airports May Raise $250 Mn from MUFG Amid US Scrutiny

Two entities under the Adani Group are in advanced negotiations to secure around $250 million in offshore bilateral loans from Mitsubishi UFJ Financial Group (MUFG), according to a Bloomberg report citing sources familiar with the matter.Adani Ports and Special Economic Zone is expected to raise approximately $100 million, while Adani Airport Holdings aims to secure about $150 million. The agreement related to the ports business could be finalised as early as this week. In addition to MUFG, both companies are also reportedly exploring funding options with other Japanese banks.This marks MUFGâ€..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?