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
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
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
