[ad_1] MUMBAI: Go Airlines India Ltd this week became the latest victim in the battle of the skies over India. It isn’t the first high-profile carrier to fail and it won’t be the last. Buoyed by an emerging middle class hankering to fly, Indian airlines ordered billions of dollars worth of planes in the past … Read more
[ad_1] Crisis-hit Go First has sought various interim directions from the National Company Law Tribunal, including restraining lessors from taking back aircraft and regulator DGCA from taking any adverse action against the airline. The Wadia group-owned airline, which has liabilities worth Rs 11,463 crore, has sought voluntary insolvency resolution proceedings and the plea is set … Read more
[ad_1] One scheduled airline on an average has gone out of business every year since private airlines took to the skies nearly three decades ago, with Wadia group-owned Go First being the latest carrier battling financial turbulence for survival. The first private airline to go belly up was East West Travels & Trade Link Ltd, … Read more
[ad_1] As Go First Airlines grounded flights all of its flights starting today till May 5 amid bankruptcy, passengers who booked their tickets with the airlines are left in the middle of nowhere. The low-cost airline promoted by the Wadia Group on Tuesday announced that its flight operations will remain cancelled from May 3 to … Read more
[ad_1] The Directorate General of Civil Aviation (DGCA) has issued a show cause notice to Go First after the airline cancelled fresh bookings from May 3-5. In a statement, DGCA said that no prior intimation was given to the DGCA for such cancellations and Go First (formerly Go Air) has failed to adhere to the … Read more
[ad_1] Go First, formerly known as GoAir, a Wadia Group-owned airline, today announced to file an application for voluntary insolvency resolution proceedings before the National Company Law Tribunal (NCLT), Delhi. The airline declared to cancel all filed till May 5, as it goes bankrupt amid severe cash crunch. Nearly two years ago, Go First filed … Read more
[ad_1] India’s ultra-low-cost carrier Go First Airlines has refuted rumours that it was planning to exit the aviation business amid a cash crunch. The company has been battling several operational issues in the recent past owing to a shortage of engines. Speaking to ANI, a top official of Go First Airlines said, “We have no … Read more