<p>New Delhi: Aviation watchdog Directorate General of Civil Aviation (DGCA) has deregistered all the 54 planes leased by Go First, days after a court allowed lessors to take back their aircraft from the bankrupt airline.</p>.<p>Bogged down by financial turbulence and engine woes, budget carrier Go First stopped flying in May last year and is undergoing an insolvency resolution process.</p>.Lenders to Go First weigh liquidation after court order on planes.<p>Foreign lessors that have leased planes to the airline had moved the court to take back the aircraft.</p>.<p> Against this backdrop, the Delhi High Court on April 26 directed the DGCA to forthwith process the applications filed by the lessors for deregistration of 54 planes.</p>.<p>The high court had also said the process shall be done in not later than five working days.</p>.<p>A senior official at the regulator on Wednesday confirmed that all the 54 aircraft of the airline have been deregistered.</p>.<p>Some of the notices deregistering Go First's aircraft were uploaded on the DGCA website.</p>.<p> An A320 plane, having registration number VT-WJL, was deregistered on April 29. The request for deregistration under IDERA was received by the regulator way back on May 11, 2023. The lessor is based in Ireland, according to a deregistration notice.</p>.<p>Under the Cape Town Convention, a lessor can opt for the Irrevocable De-registration and Export Request Authorisation (IDERA). Generally, the option is exercised by lessors when there is a default by an airline with respect to a leased aircraft.</p>.<p> Go First stopped flying on May 3, 2023, and its plea for voluntary insolvency resolution proceedings was admitted by the National Company Law Tribunal (NCLT) on May 10 last year. </p>
<p>New Delhi: Aviation watchdog Directorate General of Civil Aviation (DGCA) has deregistered all the 54 planes leased by Go First, days after a court allowed lessors to take back their aircraft from the bankrupt airline.</p>.<p>Bogged down by financial turbulence and engine woes, budget carrier Go First stopped flying in May last year and is undergoing an insolvency resolution process.</p>.Lenders to Go First weigh liquidation after court order on planes.<p>Foreign lessors that have leased planes to the airline had moved the court to take back the aircraft.</p>.<p> Against this backdrop, the Delhi High Court on April 26 directed the DGCA to forthwith process the applications filed by the lessors for deregistration of 54 planes.</p>.<p>The high court had also said the process shall be done in not later than five working days.</p>.<p>A senior official at the regulator on Wednesday confirmed that all the 54 aircraft of the airline have been deregistered.</p>.<p>Some of the notices deregistering Go First's aircraft were uploaded on the DGCA website.</p>.<p> An A320 plane, having registration number VT-WJL, was deregistered on April 29. The request for deregistration under IDERA was received by the regulator way back on May 11, 2023. The lessor is based in Ireland, according to a deregistration notice.</p>.<p>Under the Cape Town Convention, a lessor can opt for the Irrevocable De-registration and Export Request Authorisation (IDERA). Generally, the option is exercised by lessors when there is a default by an airline with respect to a leased aircraft.</p>.<p> Go First stopped flying on May 3, 2023, and its plea for voluntary insolvency resolution proceedings was admitted by the National Company Law Tribunal (NCLT) on May 10 last year. </p>