Business

Go First faces Aircraft Deregistration as Lessors Seek Action from DGCA

The civil aviation regulatory body, Directorate General of Civil Aviation, has received a request from aircraft lessors to initiate the process of deregistering and exporting 20 aircraft. According to the Irrevocable De-registration and Export Request Authorizations (IDERA) guidelines, the regulatory body must de-register the aircraft within five days of a third party’s name being listed, in situations where there is a default of lease rentals.

Also Read: Go First crisis: Wadia Group Is Considering a One-time Settlement Offer

Dublin-based lessors, such as Narmada Aviation Leasing, Yamuna Aviation, Banas Aviation, EOS Aviation, JSA Aircraft, SMBC Aviation Capital, GY Aviation, and Pembroke Aviation Leasing, have all submitted requests for de-registration.

The de-registration requests relate to a total of 20 aircraft, comprising 16 Airbus A320neo planes powered by Pratt & Whitney engines and 4 Airbus 320 planes with CFM engines. Among the eight Dublin-based lessors, GY Aviation has submitted the highest number of de-registration requests for 10 aircraft, followed by SMBC Aviation with 4, and the remaining lessors have each requested de-registration for 1 aircraft.

Also Read: Meesho Announces Layoffs of 251 Employees Due to Over-hiring

The airline backed by the Wadia group has voluntarily filed for insolvency at the principal bench of the National Company Law Tribunal on May 2. The airline has also cancelled flights from May 3 to May 9 and has informed regulators that it will not be taking any bookings until May 15.

Due to persistent problems with Pratt & Whitney engines, the Mumbai-based airline has reported losses of nearly ₹10,800 crore over a two-year period, citing additional expenses. Since 2020, the airline has experienced an inactive fleet of 30-50% due to unserviceable engines.

Shruti Rag

Recent Posts

Dube To Miss Mumbai’s Ranji Opener As Precaution Over Back Stiffness

Mumbai allrounder Shivam Dube has been ruled out of the 2025–26 Ranji Trophy opener against…

4 hours ago

OnePlus 15 Set To Redefine Flagship Standards With 165Hz Display And Snapdragon 8 Elite Gen 5

OnePlus confirms key features of the OnePlus 15, including a 165Hz BOE display, Snapdragon 8…

5 hours ago

One-Minute Exercise Outshines Hours Of Walking, Says US Physical Therapist

A physical therapist claims a one-minute daily chair exercise can strengthen legs better than hours…

6 hours ago

US Passport Drops From Global Top 10 For The First Time In Two Decades

US passport slips to 12th place in the Henley Passport Index, marking its first fall…

7 hours ago

Hrithik Roshan Moves Delhi High Court To Protect Personality Rights

Hrithik Roshan moves the Delhi High Court to protect his image, name, and merchandise from…

8 hours ago

Allahabad HC Directs Kumbh Mela Authorities To Decide On Compensation For Victim Of January Stampede

Allahabad HC directs Kumbh Mela authorities to decide compensation for Maundi Amavasya stampede victim.

9 hours ago