Go First lessors' plea to de-register planes on hold: DGCA
DGCA has not rejected lessors' de-registration requests
DGCA has not rejected lessors' de-registration requests
Lessors have sought de-registration of 44 aircraft operated by Go First.
One player going bust makes bankers, lessors, vendors and all other stakeholders wary as the Indian aviation space is getting a reputation for frequent airline failures.
Lawyers representing cash-strapped Go First told the tribunal to urgently pass an order on its plea.
The Wadia group-owned Go First moved to the NCLT on Tuesday, seeking voluntary insolvency resolution proceedings.
Airfares are likely to burn a bigger hole in flyers' pockets.