Thursday, July 13, 2023

DGCA seeks clarifications, updates from GoFirst

The Directorate General of Civil Aviation (DGCA) has sought clarifications and updates from GoFirst, the airline owned by the Wadia Group. As part of its special audit report, the DGCA has completed inspection of the aircraft parked in Goa and Hyderabad.

According to two people in the know, the DGCA has asked for updates and clarifications from the airline as a part of its special audit report. The DGCA has completed the audit, and it has also inspected aircraft parked at Goa and Hyderabad. “It sought clarifications and updates on the company’s current conditions with regards to the personnel, spare parts, salaries payments, update on the CoC funding, refunds and condition of the engines among others,” said the person.

Though the person did not divulge details on the DGCA’s stance on the aircrafts’ condition, he said the aviation watchdog also asked for updates of the aircraft parked at Nagpur, Kochi, and Kannur, among others. Another person said the RP has been given a week to respond to those queries while the airline continues to remain inoperative.

The RP and the CEO of GoFirst did not respond to businesskine’s query. GoFirst, in a public notice, informed customers that it has suspended operations till July 16.

GoFirst has initiated the Expression of Interest (EoI) process to seek potential bidders as part of its ongoing insolvency proceedings. The airline’s resolution professional, Shailendra Ajmera, has set the deadline for bid submissions as August 9. Sources indicate that the Wadia Group, which owns Go First, is expected to participate in the bidding. 

13/07/2023 Business Line

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