Airlines
Lessors Have Applied For Deregistration Of 54 Go First Planes
Directorate General of Civil Aviation, the country’s aviation watchdog, had received requests to deregister 54 low-cost airline aircraft. The government now informed Parliament to Go First.
“DGCA has received applications from lessors for the deregistration of 54 aircraft that were leased to Go First in total. The National Company Law Tribunal in Delhi and the Honourable High Court of Delhi decisions will determine how the DGCA processes the applications, according to a written reply from the Ministry of civil aviation in answer to a Rajya Sabha query.
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The minister added that since Go First stated on May 2 that its flights will be canceled and that it had submitted an application for insolvency under the Insolvency and Bankruptcy Code 2016 (IBC), the regulator has been closely monitoring the issue.
After Go First’s activities were halted, he said, “airlines have been advised to self-regulate the airfares and maintain reasonable price levels as well as to introduce new flights on the sectors that had a sizable number of Go First flights.”From January 2018 to the present, 358 leased aircraft have been delisted from the Indian Civil Aircraft Registry, according to Mr. Singh.
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As of July 20, there were 649 aircraft being used by a total of 8 Indian scheduled operators to fly passengers around the nation. The government reaffirmed that the airlines set the price of tickets based on the market, demand, seasonality, and other market forces and that the Competition Commission of India monitors anti-competitive behavior. The administration added: “At this time, there is no proposal to alter the current regulatory framework for air travel.
