New Delhi: Suspense over go firstThe fate of the resolution professional of the grounded airline may improve next month.RPShailendra Ajmera invited expression of interest on Monday bankruptcy Proceeding. It turns out the founder of the budget airline Wadia Group Can bid for the airline.
As per the public notice, the last date for submission of Expression of Interest (EoI) is August 9 and the final list of potential resolution applicants will be announced on August 19. The last date for filing objections on the provisional list is August 24.
The Wadias did not comment on whether they would bid for the airline.
Meanwhile, GoFirst is waging a legal battle with lessors whose planes it has held under insolvency rules because India has not yet fully implemented an international convention on how grounded airlines can be in violation of other laws. Can’t stop leased aircraft under the provisions. Lessors are allowed to inspect their aircraft and Go is prohibited from using spare parts from one aircraft to another. Cows are opposing this.
The airline filed for bankruptcy on 2 May and suspended all its flights from 3 May. Subsequently, its former CEO Kaushik Khona, authorized by the then RP, submitted a revival plan for the airline that envisaged restarting operations with 26 aircraft and Rs 450 crore. money from creditors. Following this, the Directorate General of Civil Aviation (DGCA) conducted a special audit of GoFirst at Delhi and Mumbai airports from July 4 to 6 to check preparedness for resuming operations.
As per the public notice, the last date for submission of Expression of Interest (EoI) is August 9 and the final list of potential resolution applicants will be announced on August 19. The last date for filing objections on the provisional list is August 24.
The Wadias did not comment on whether they would bid for the airline.
Meanwhile, GoFirst is waging a legal battle with lessors whose planes it has held under insolvency rules because India has not yet fully implemented an international convention on how grounded airlines can be in violation of other laws. Can’t stop leased aircraft under the provisions. Lessors are allowed to inspect their aircraft and Go is prohibited from using spare parts from one aircraft to another. Cows are opposing this.
The airline filed for bankruptcy on 2 May and suspended all its flights from 3 May. Subsequently, its former CEO Kaushik Khona, authorized by the then RP, submitted a revival plan for the airline that envisaged restarting operations with 26 aircraft and Rs 450 crore. money from creditors. Following this, the Directorate General of Civil Aviation (DGCA) conducted a special audit of GoFirst at Delhi and Mumbai airports from July 4 to 6 to check preparedness for resuming operations.