India's DGCA Grants Go First Approval To Resume Flying Operations After Financial Crisis

India's aviation regulator, the Directorate General of Civil Aviation (DGCA), has granted permission for Go First, formerly known as GoAir, to resume flying operations, Reuters reported.

The cash-strapped airline ceased operations in May and was given bankruptcy protection after it entered a financial crisis brought on by what it claimed were "faulty" Pratt & Whitney engines that forced the grounding of about half of its 54 Airbus (AIR.PA) A320neo aircraft.

The engine manufacturer controlled by Raytheon has stated that the allegations are false.

The airline's resumption plan from June 28 was approved by the Directorate General of Civil Aviation (DGCA) on Friday, with the addition that the airline "as a going concern may commence flight operations" under certain restrictions.

"Scheduled flight operations can be commenced only after the availability of the required interim funding and approval of flight schedule by DGCA," according to the order.

The DGCA has mandated that the airline can only commence ticket sales once its plan is approved. Go Airlines, which has recently rebranded as Go First, initiated investor interest as part of its ongoing insolvency proceedings earlier this month.