Brief by Shorts91 Newsdesk / 11:48am on 26 Apr 2024,Friday Business
In a significant setback for Go First, the Delhi High Court has ordered the deregistration of all 54 leased aircraft, allowing lessors to reclaim them amidst the airline's bankruptcy declaration nearly a year ago. The directive, to be implemented within five working days, poses a serious threat to Go First's revival prospects. Despite two bids for acquisition, including one from SpiceJet's chief, Ajay Singh, and another from Sky One, uncertainties loom as lenders deliberate over the offers. With the risk of losing its entire fleet, Go First's future remains uncertain, casting doubts on any potential comeback efforts.
