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Jyotiraditya Scindia on Go First Crisis: The Indian Aviation Sector is going through a very difficult phase for some time now. Go First Crisis, a company providing cheap air services in the country, recently applied to the National Company Law Tribunal (NCLT) to declare itself bankrupt.
Civil Aviation Minister Jyotiraditya Scindia has spoken on the Go First crisis. He said that the bankruptcy process of GoFirst, the airline providing cheap air services in the country, is not a good thing for the domestic aviation sector.
DGCA is ready for all possible help- Scindia
Talking to the media, Jyotiraditya Scindia said that Go First Crisis is not a good thing for the country’s aviation sector. He also said that even though every airline comes under the Ministry of Civil Aviation, but every company has to manage its own finances better. As far as the help of airlines is concerned, the Ministry of Civil Aviation is ready to provide all possible help to the companies on the basic issue.
All flights canceled till May 26
GoFirst has decided to cancel all flights till May 26 due to operational issues. However, the company has expressed confidence that it will be able to restore flight services soon. According to the report published in Economic Times, the airline is preparing to start its flight services from 27 May. For this, the company is also going to start training pilots from today, but let us tell you that till now GoFirst has not given any official statement on this. It is worth noting that on May 3, the airline had filed an application with the NCLT to declare itself bankrupt by canceling all its flight services. After this, DGCA had ordered to ban the booking of airlines as well.
This is the demand of the lessee companies
NCLT had approved the bankruptcy process on 10 May, considering the den of Go First. After this, Abhilash Lal was appointed as the Interim Resolution Professional (IRP) of the company. After this, the lessee companies, challenging the decision of the National Company Law Tribunal (NCLT) by terminating the agreement, demanded the Directorate General of Civil Aviation (DGCA) to withdraw the listing of its 45 aircraft. The National Company Law Appellate Tribunal will give its verdict on this matter on 22 May.
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