The lenders of Go First are reportedly examining the option of liquidating the carrier after the Delhi High Court recently allowed lessors of the aircraft to take back their planes.

While the lenders will meet later this week, a Reuters report quoting one of the bankers said there is no value left in the airline after the court order and chances of revival are very grim. 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.

Last Friday, the court directed the DGCA to forthwith process the applications filed by several lessors for deregistration of their 54 planes so that they could take them back from the airline. It said that the process shall be done in not later than five working days.