Go First Insolvency: High Court Allows Lessors To Access, Maintain Aircraft

[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

Go First Bankruptcy: Reason For Insolvency, History And Future Of Low Cost Airline – Explained

[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