The Directorate General of Civil Aviation (DGCA), the aviation regulator, has initiated a special audit of Go First facilities.
The purpose of this audit is to assess the airline’s readiness to resume operations.
Following the completion of the audit, it is anticipated that Go First may be permitted to recommence flights on a limited route.
A Go First official confirmed that a team of DGCA officials has commenced a special audit of the airline’s facilities in Mumbai.
Assessment of Flight Resumption Preparations
According to the airline official, the DGCA team will evaluate Go First’s unit in Delhi on Thursday.
The findings of the special audit are expected to be submitted on the same day.
The DGCA team will assess the readiness for flight resumption by examining the units in Delhi and Mumbai.
The decision to conduct this special audit was made after reviewing the revival plan presented on June 28 by the airline’s resolution professional, who is overseeing the bankruptcy process.
Go First Operations on Hold Since May 3
Go First has suspended its operations since May 3.
The decision to resume flights will depend entirely on the outcome of the audit.
The airline has already announced the suspension of flights until July 10.
During this period, Go First applied for insolvency resolution due to financial difficulties, which has been approved by the National Company Law Tribunal (NCLT).
Revival Plan Receives Lenders’ Approval
The Committee of Lenders (COC) of Go First has granted approval for the revival plan.
The airline aims to resume operations with a fleet of 26 aircraft, including four for chartered services, and conduct over 150 flights per day.
Last month, Go First also obtained lenders’ approval for interim funding amounting to Rs 450 crore.
With this approval in place, the path is now clear for the airline to resume its operations after the temporary closure.