HC directs DGCA to immediately process applications from Go First lessors to deregister aircraft, BA

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109639683New Delhi, April 26 (IANS) The Delhi High Court on Friday directed the aviation watchdog, the Directorate General of Civil Aviation (DGCA), to process deregistration applications for aircraft leased by grounded airline Go within five working days First, which is in insolvency proceedings.

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New Delhi, April 26 (IANS) The Delhi High Court on Friday directed the aviation watchdog, the Directorate General of Civil Aviation (DGCA), to process deregistration applications for aircraft leased by grounded airline Go within five working days First. undergo insolvency proceedings.

The Delhi High Court on Friday directed the Directorate General of Civil Aviation (DGCA) to immediately process applications from several lessors for de-registration of their 54 aircraft so that they could take them back from the crisis-hit Go First airline. The Supreme Court said the process will be completed within five working days. Justice Tara Vitasta Ganju also restrained the resolution professional (RP) appointed under the Insolvency Act to manage the airline and its directors from moving or taking away the aircraft or spare parts, documents, records and other materials.

“DGCA will process the deregistration applications submitted by the 54 aircraft immediately and not later than five working days,” the court said.

The Supreme Court said that the DGCA, AAI and its authorized representatives will help and assist the petitioner landlords and grant them access to the airports.

It states that the lessors may export the aircraft according to applicable regulations and laws.

“DGCA will facilitate the export of aircraft by providing export certificates and all other documents,” the report said.

The Supreme Court has ruled on petitions filed by several lessors seeking deregistration of their aircraft by aviation regulator DGCA so that they can take them back from the airline.

After the verdict was announced, counsel for some of the suspects urged the court to suspend the instructions for a week.

However, the judge refused and said: “Find another court to suspend my directions.”

Several aircraft lessors of Go First had earlier approached the single judge seeking deregistration of their aircraft by aviation regulator DGCA so that they could take them back from the airline.

Earlier, the NCLT-appointed resolution professional in charge of managing Go First had told the Supreme Court that returning aircraft to the lessors will “dead” the airline, which has 7,000 employees to look after.

On May 10, 2023, the National Company Law Tribunal (NCLT) had granted the airline’s voluntary bankruptcy petition and appointed an interim resolution professional to run the airline.

Because a moratorium was in place on Go First’s financial obligations and asset transfers in the aftermath of the insolvency proceedings, the lessors were unable to deregister and take back the aircraft leased to the airline.

The landlords had earlier told the court that the DGCA’s denial of deregistration was “unlawful”.

Some of the lessors who have approached the High Court are: Accipiter Investments Aircraft 2 Limited, EOS Aviation 12 (Ireland) Limited, Pembroke Aircraft Leasing 11 Limited, SMBC Aviation Capital Limited, SFV Aircraft Holdings IRE 9 DAC Ltd, ACG Aircraft Leasing Ireland Ltd and DAE SY 22 13 Ireland Designated Activity Company.

In addition, GY Aviation Lease 1722 Co Ltd, Jackson Square Aviation Ireland Ltd, Sky High XCV Leasing Company Ltd, Star Rising Aviation 13 Ltd, Bluesky 31 Leasing Company Ltd and Bluesky 19 Leasing Company Ltd have also approached the High Court.

Go First stopped flying from May 3, 2023.

  • Published on Apr 27, 2024 at 10:30 AM IST

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