[ad_1] Go First is likely to start its charter flights on Thursday, July 27, and the scheduled flights are expected to be started next week, according to sources close to the development. Go First has secured funding from several banks and once the funding is released to the airline, most probably next week, the scheduled … Read more
[ad_1] The Delhi High Court Wednesday allowed crisis-hit Go First’s lessors to inspect their aircraft at least twice a month and carry out maintenance. The high court said there can be no denial of the fact that the aircraft of the petitioner lessors are highly valuable and sophisticated equipment and require maintenance for their preservation. … Read more
[ad_1] The Directorate General of Civil Aviation (DGCA) Wednesday told the Delhi High Court it was due to a technical glitch on its portal that the applications of several aircraft lessors of Go First for deregistration of their planes were shown as ‘rejected.’ The aviation regulator said it was not processing such requests following … Read more
[ad_1] Indian aviation watchdog DGCA has advised Go First to submit a comprehensive restructuring/revival plan for a sustainable revival of operations, within a period of 30 days. [ad_2] Source link
[ad_1] The National Company Law Appellate Tribunal (NCLAT) on Monday upheld an NCLT order allowing crisis-hit Go First’s voluntary insolvency resolution proceedings. A two-member NCLAT bench asked several aircraft lessors of Go First opposing insolvency to approach the National Company Law Tribunal (NCLT) for any remedy. “The order dated May 10, 2023, allowing insolvency … Read more
[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
[ad_1] Go First may very well be thanking its lucky stars on Wednesday for the NCLT verdict in its favour amidst financial and operational difficulties. With the admission of Go First’s voluntary insolvency resolution plea and the enacted moratorium, the airline is relieved of certain concerns that hinted at a difficult future for the carrier. … Read more
[ad_1] The two companies are also engaged in discussions with airport operators in New Delhi and Mumbai regarding landing and parking slot arrangements. Tata Group and IndiGo are currently in separate negotiations with Go First’s lessors. Indian multinational conglomerate Tata Group and airline company IndiGo are reportedly in discussions to acquire Airbus SE planes from Go … Read more
[ad_1] Even though the Wadia group has approached the National Company Law Tribunal (NCLT) voluntarily to protect their leased planes from being repossessed, there exists the risk of other interested groups bidding for Go Airlines (India) Ltd, said Supreme Court advocate. “The risk of some other interested group making a bid for Go Airlines that … Read more
[ad_1] Mumbai: In less than week of cash-strapped Go First cancelling all its flights, lessors have sought deregistration of a total of 36 planes with requests coming for taking back 13 more aircraft on Monday. With the National Company Law Tribunal (NCLT) yet to pronounce its verdict on Go First’s petition seeking voluntary insolvency resolution … Read more