In a new twist to the ongoing financial crisis faced by Go First Airlines, one of its aircraft lessors, SMBC Aviation Capital, has moved the National Company Law Tribunal (NCLT) to challenge its recent order. The order, which admitted Go First’s plea for voluntary insolvency and initiated Corporate Insolvency Resolution Process (CIRP) proceedings, also granted
The dispute between Go First Airlines and Pratt and Whitney (P&W) may escalate into a legal battle, as the US jet manufacturer has responded to the budget airline’s claim that P&W is responsible for its financial woes and subsequent bankruptcy. A spokesperson from Pratt & Whitney stated, “Go First’s allegations that Pratt & Whitney is
In a recent development, the Travel Agents Association of India (TAAI) has expressed its concerns over the mounting dues owed by Go First, a prominent airline operating in the country. TAAI, which boasts a membership of over 2,500 travel agents, has warned that it may resort to legal action by approaching the National Company Law
In a recent development, engine maker Pratt & Whitney has announced that it will be pursuing legal action against budget airline Go First, following the carrier’s allegations that Pratt & Whitney is responsible for its financial condition. The engine maker’s decision came shortly after the National Company Law Tribunal (NCLT) admitted Go First’s plea for
Aircraft lessor SMBC Aviation Capital Ltd filed an appeal with the National Company Law Appellate Tribunal (NCLAT) on Wednesday, challenging the decision of the National Company Law Tribunal (NCLT) to grant Go First’s request for voluntary insolvency resolution proceedings. SMBC Aviation Capital, previously known as RBS Aviation Capital, is one of the largest aircraft leasing
When Jehangir Wadia, commonly known as Jeh, embarked on the journey of founding Go First airline at the young age of 32, skeptics viewed it as nothing more than a lavish plaything for the affluent scion. However, this venture represented a natural progression across generations. Almost three centuries earlier, Jeh’s ancestor Lovji Nusserwanjee Wadia had
In the face of financial and operational challenges, Go First has reason to feel relieved on Wednesday. The ruling by the NCLT not only accepts the airline’s request for voluntary insolvency resolution, but it also prevents lessors from repossessing the company’s 45 aircraft, a move that several lessors had sought in recent days. Thanks to
Air India has recently undergone a technological upgrade, which includes a redesign of its website, www.airindia.com. Tata, the current owner of the airline, has also changed the airline’s URL from “.in” to “.com” as part of this upgrade. Air India’s in-house teams located in Kochi and Gurugram, as well as Silicon Valley in the United
The burning smell in the cabin diverted a Singapore-bound IndiGo flight from Tiruchirappalli in Tamil Nadu to Kualanamu airport, Medan (Indonesia) on Tuesday. IndiGo, the airline, confirmed the incident and stated that they are flying an alternate aircraft to Kualanamu to fly the stranded passengers to their destination. The flight, identified as A320ceo operating 6E-1007,
On Wednesday, Go Airlines (India) Ltd was granted bankruptcy protection, providing an opportunity for the budget carrier to reevaluate its debts and contracts. The airline had grounded approximately half of its fleet due to alleged faults in the Pratt & Whitney engines. Go First, the airline highlights the significance of the geared turbofan (GTF) engines
