Boeing, the leading aircraft manufacturer in the United States, emphasized that the ongoing crisis at Go First will not alter the growth trajectory and macro trends of the Indian civil aviation market. Additionally, Boeing expressed that legislative clarity regarding aircraft leasing aspects will offer greater reassurance to aircraft lessors. India currently holds the position as

Air India announced its plans to establish an engineering warehouse near Delhi airport, with the aim of resolving aircraft defects at an accelerated pace. The warehouse, spanning 57,000 square feet, is set to become operational next month. As part of the airline’s revival efforts under the ownership of Tata Group, Air India is actively recruiting

Indian aviation has been placed on a watchlist with a negative outlook by a global aviation leasing watchdog, citing its failure to adhere to international aircraft repossession standards following the bankruptcy protection granted to airline Go First. The Aviation Working Group (AWG), an organization based in the UK that monitors leasing and financing laws on

India has emerged as a significant potential market for aircraft sales, according to Boeing, the renowned US aircraft manufacturer. Amid concerns raised by aircraft lessors in the wake of the Go First crisis, Boeing has assured stakeholders that it will collaborate to the best of its abilities to address the challenges. Ryan Weir, Vice President

According to a senior official, the Indian government has made the decision to reassign the Haj flights originally planned for Go First, a crisis-hit airline, to IndiGo and two Saudi Arabian airlines. This decision comes in light of the uncertainty surrounding cash-strapped Go First, which has ceased all flights since May 3. The National Company

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