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The Delhi high court on Friday directed the civil aviation regulator to deregister planes leased to Go First within five working days, giving respite to the lessors.
This means that the airline will have to give back all 54 aircraft to the lessors if its resolution professional (RP) does not challenge the order or ask for a stay.
Justice Tara Vitasta Ganju also refused the request of the RP, represented by advocate Diwakar Maheshwari, to keep the operation of the order in abeyance for a week to enable them to file an appeal before the division Bench of the court.
The court has granted access to lessors to their aircraft. The Airports Authority of India (AAI) will communicate with the lessors regarding export of aircraft and airworthiness
Go First stares at the risk of losing all 54 of its leased aircraft unless the company s resolution professional secures a stay within five working days.
The Airports Authority of India (AAI) has been tasked with liaising with the lessors regarding the export of aircraft and ensuring compliance with airworthiness standards, as per the High Court's directives.