In a significant development for Go First, the airline’s plea for voluntary insolvency resolution proceedings has been admitted by the National Company Law Tribunal (NCLT). The decision has been hailed as a “landmark judgment” by Go First CEO, Kaushik Khona, who believes it to be a crucial step towards the airline’s revival. The NCLT has
Go First has recently made the decision to suspend all its flights until May 19 citing ‘operational reasons’. Previously, the airline had already disclosed cancellations until May 12. The airline sincerely apologizes for any inconvenience caused by these unexpected cancellations, understanding the impact it may have on travelers. In a significant development, India’s bankruptcy court
On Wednesday, Go First’s voluntary insolvency application was accepted by India’s bankruptcy court, which appointed Abhilash Lal as the interim resolution professional responsible for managing Go First. In addition, the National Company Law Tribunal (NCLT) instructed the interim resolution professional to ensure Go First continues its operations and not to terminate any employees. Go First
In a recent development, Pratt & Whitney, the renowned American aerospace manufacturer, has announced its intention to challenge Go Airlines (India) Ltd’s push to enforce an arbitration ruling against the company. The ruling stems from a dispute over the timely supply of spare engines, with Go First alleging that Pratt & Whitney’s failure to deliver
In a dramatic turn of events, Go First, the Indian budget airline owned by the Wadia group, is facing severe challenges as lessors have sought the deregistration of a significant portion of its aircraft fleet. Just days after the airline canceled all its flights due to financial constraints, lessors have submitted requests for the deregistration
Air India, under the ownership of Tata Sons since January 2022, has extended the deadline for employees to apply for voluntary retirement until May 31, 2023. The airline made this announcement on Monday, stating that the acceptance of applications and the release dates would still be subject to management discretion. Last year, when Tata Sons
Supreme Court Issues Notices to Centre, DGCA on Plea of Woman for Framing SOP on Air India Urination Case. Air India A bench comprising Chief Justice D Y Chandrachud and Justices P S Narasimha and J B Pardiwala has taken cognizance of the woman’s plea and issued notices to the Centre, DGCA, and all airlines
Go First, an airline owned by the Wadia Group is facing scrutiny from the Directorate General of Civil Aviation (DGCA), the Indian aviation regulator. On Monday, the DGCA issued a show cause notice to Go First in response to the airline’s abrupt flight cancellations and its decision to initiate the corporate insolvency resolution process under
In a recent development, the National Company Law Tribunal (NCLT) has issued a notice to SpiceJet, a prominent budget carrier in India, on a petition filed by Aircastle (Ireland) Ltd., an aircraft lessor. Aircastle is seeking the initiation of insolvency resolution proceedings against SpiceJet. The two-member Principal bench of the NCLT, led by President Ramalingam
Air India, the national carrier of India, has announced an extension of the waiver on rescheduling and cancellation charges for all flights to and from Manipur. This decision comes in light of the ongoing violence in the northeastern state and is aimed at facilitating the movement of passengers during this challenging time. The waiver will
