DelhiDesk The Directorate General of Civil Aviation (DGCA) has asked GoFirst, an Indian airline, to stop selling further air tickets with immediate effect until further orders. The aviation regulator has issued a show cause notice to the airline and asked why its license should not be canceled in view of its failure to operate flights. DGCA has given GoFirst 24 days to respond to the show cause notice, after which the GoFirst Air Operator Certificate decision will be taken by the regulator. The airline has canceled all flights since May 3 and simultaneously filed a petition with the NCLT to initiate voluntary bankruptcy proceedings.
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Here is the news bullets sorted by DelhiBreakings.com team.
– DGCA has asked GoFirst to stop selling air tickets with immediate effect until further orders
– The Indian aviation regulator has issued a show cause notice to the airline and asked why its license should not be canceled in view of its failure to operate flights
– DGCA has given GoFirst 24 days to respond to the show cause notice
– The notice sent by the DGCA to GoFirst has asked why its AOC should not be canceled for failure to continue operating in a safe, efficient and reliable manner
– GoFirst has canceled all flights since May 3 and simultaneously filed a petition with the NCLT to initiate voluntary bankruptcy proceedings
– With a liability of Rs 11 thousand 463 crore and a financial crunch, the Wadia Group-owned airline has sought voluntary insolvency resolution process as well as an interim moratorium on financial liability.
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