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Big relief to Go First as NCLT grants protection
Admits cash-strapped airlines’ insolvency plea; imposes moratorium on its financial obligations
Go First suspends sale of tickets till May 15
Crisis-hit airline Go First has suspended sale of tickets till May 15 and is working to refund or reschedule existing bookings for future dates,...
A Go First request seeks NCLT direction to restrain lessors, DGCA
Wadia group-owned airline seeks voluntary insolvency proceedings and the matter will be heard by NCLT Delhi bench on Thursday. All Go First flights...
Focus should be on overcoming crisis in aviation industry
The airline industry reduced its annual net losses to below $7 billion in 2022, according to IATA.
In 3 decades, one airline on avg went bankrupt every year
Since 1994, the year when private airlines took off in the country, at least 27 scheduled carriers have either been shuttered or have been acquired or...
NCLT to hear insolvency plea today
The National Company Law Tribunal Tribunal (NCLT) on Thursday will hear cash-strapped air carrier Go First's voluntary insolvency resolution plea.
Go First missed its financial obligations: P&W
With the Wadia group’s low cost Go Airline (India) Ltd (Go First) squarely blaming engine supplier, the US-based Pratt & Whitney for its financial...
Go First insolvency triggers fare rise
Crisis-hit airline cancelled flights for 3 days from May 3; It’ll reduce capacity and air fares will rise on routes where Go First was flying: IATA