The Delhi High Court's recent directive to the Directorate General of Civil Aviation (DGCA) ordering the deregistration of 54 leased aircraft to GoFirst represents a substantial development that follows the airline's financial distress and subsequent declaration of bankruptcy. The court has emphasized the need for swift action, instructing the DGCA to complete the deregistration process within the next five working days, aiming to enable the lessors to access and potentially reclaim their aircraft.
This decision by the Delhi High Court marks a significant setback for GoFirst as the airline now faces the prospect of losing control over a substantial portion of its leased fleet. The directive also underscores the importance of up-to-date information regarding the aircraft, as the resolution professional has been tasked with providing all relevant details to the lessors, facilitating a smoother transition in the aircraft reclamation process. The ruling not only serves to address the concerns of the lessors who have been seeking the return of their leased planes but also highlights the complexities surrounding aviation regulations and bankruptcy proceedings.