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SpiceJet says no plans to file for insolvency – Times of India

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[ad_1] BENGALURU: Indian low-cost carrier SpiceJet Ltd on Thursday said it had no plans to file for insolvency, quelling fears of a spillover from rival Go Airlines (India)’s voluntary bankruptcy admission.“We want to scotch any speculation that may have arisen due to the filing by another airline,” SpiceJet said in a statement, adding that it … Read more

Go First files for bankruptcy, blames US engine maker – Times of India

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[ad_1] NEW DELHI/MUMBAI: Go Airlines, founded by billionaire Nusli Wadia, filed for bankruptcy on Tuesday with the low-cost carrier blaming US engine-maker Pratt & Whitney for grounding half of its fleet. Rechristened Go First last May, the airline that started flying in 2005 becomes the first Wadia Group entity to declare bankruptcy in its 287-year … Read more