DGCA Deregisters Go First's 54 Planes

03 May 2024 CW Team

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.

Infrastructure Urban

06 Apr 2026

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..