The interim resolution professional (IRP) of crisis-hit airline Go First has approached the Delhi High Court, challenging the permission granted to lessors to inspect their aircraft and carry out maintenance. The IRP, appointed under the insolvency law to manage the airline, argues that the order of the single judge granting interim relief to the lessors
Go First, a city-based airline that filed for voluntary insolvency proceedings earlier this year has taken a step forward in its resolution process. The Resolution Professional (RP) of Go First, Shailendra Ajmera, has invited expressions of interest (EOI) from prospective resolution applicants (RPAs) for the grounded airline. In a public notice, Ajmera stated that the
Officials have announced that Noida International Airport Ltd (NIAL) will invite expressions of interest (EOI) for the development of Maintenance, Repair, and Overhaul (MRO) facilities at the upcoming Jewar airport near Delhi. The EoI period will be open until October this year, and NIAL is anticipating responses not only from commercial airlines and private operators
In a recent update regarding the SpiceJet-Sun Group arbitration case, the Sun Group has firmly declined any possibility of reaching a mutually agreeable settlement with the opposing party. The case revolves around a seven-year-old disagreement concerning the transfer of shares between Ajay Singh, the chairman and managing director of SpiceJet, and Kalanithi Maran and his
An advertisement published in ET on Monday revealed that a resolution professional, who has been assigned to manage the insolvency proceedings of Go Airlines (India) Ltd, is now soliciting Expressions of Interest for the sale of the airline. Interested parties are invited to submit their proposals by August 9, as stated in the advertisement. The
Union Minister of Civil Aviation Jyotiraditya Scindia announced that starting from July 16, flights between Chennai and Sri Lanka’s Jaffna will be available on a daily basis, increasing the frequency from four times a week. This development not only enhances connectivity but also boosts trade and commerce. Scindia conveyed this information through a pre-recorded video
Air India’s CEO, Campbell Wilson, expressed his support for the Competition Commission’s request for additional information regarding the proposed merger between Air India and Vistara. Wilson stated that this request is a routine and vital aspect of the evaluation process. The merger was initially announced in November of last year, and regulatory approval was sought
In an unforeseen incident, on Friday evening, a Vistara flight en route to Kolkata experienced a technical snag, which compelled it to return to the national capital. The airline promptly responded to the situation, ensuring the safety and well-being of all passengers and crew members on board. Flight UK 707, operated by Vistara, departed from
In a significant setback for low-cost airline SpiceJet, the Supreme Court has denies granting an extension for the payment of Rs 578 crore to media baron Kalanidhi Maran and his company, Kal Airways. The payment is related to an arbitral award in a share-transfer dispute. The court dismissed SpiceJet’s request for more time, labeling the
Akasa Air, India’s newest airline, has taken a significant step towards enhancing domestic connectivity by introducing direct flights between Mumbai and Kolkata. This latest addition to their route network commenced operations on July 7, 2023, and is expected to offer greater convenience and accessibility to passengers traveling between these two major cities. The launch of
