Senior executives of crisis-hit Go First, which is undergoing insolvency resolution process, on Monday discussed its revival plans with officials of aviation regulator DGCA, according to a source.
The meeting, held in the national capital, came against the backdrop of the Directorate General of Civil Aviation (DGCA), last week, asking the grounded airline to submit its revival plan within 30 days.
The budget carrier, filed a petition for voluntary insolvency resolution proceedings on May 2, citing its inability to carry out operations due to non-delivery of engines by the US engine maker Pratt & Whitney. The plea of the airline, which has not flown since May 3, was admitted by the National Company Law Tribunal (NCLT) on May 10.
“DGCA had called the entire management team of Go First on Monday to discuss the resumption plan. At the meeting, the team presented the road map for revival of operations,” a source told PTI on the condition of anonymity.
Without divulging specific details, the source said that all stakeholders are keen to see the airline taking wings again.
“The airline will shortly come out with a way forward. As of now, it is heading in the right direction,” the source said.