Goair bankruptcy

Go First Airline Fears Losing Planes To Lessors, Parking Slots To Rivals; Seeks NCLT Directions

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[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

Go First Cancels All Flights On May 3, 4 Amid Severe Cash Crunch; Files Bankruptcy

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[ad_1] The Wadia group-owned Go First airline (formerly known as Go Air) has announced to cancel all flights on May 3 and May 4, 2023 amid severe fund crunch. The airline’s chief Kaushik Khona said on Tuesday said the budget carrier has temporarily suspended all the flights, domestic and international and has also filed an … Read more