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NCLT gives fourth extension of 60 days to Go First to complete insolvency

NCLT gives fourth extension of 60 days to Go First to complete insolvency

Thu, Jun 13, 2024

Counsel appearing for the RP informed the tribunal that they were seeking this extension owing to an extraordinary situation post the Delhi High Court judgment asking DGCA to deregister all of its 54 aircraft.

Busy Bee Airways withdraws bid for Go First

Busy Bee Airways withdraws bid for Go First

Sat, May 25, 2024

The latest move also comes less than a month after the Delhi High Court allowed lessors to take back 54 planes leased to Go First.

DGCA deregisters 54 aircraft of Go First - Detail

DGCA deregisters 54 aircraft of Go First - Detail

Wed, May 01, 2024

The action comes after the court directed the aviation watchdog to process, within five working days, the deregistration applications for aircraft leased by grounded airline Go First, which is undergoing insolvency proceedings.

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NCLT extends deadline for Go First's insolvency for another 60 days

NCLT extends deadline for Go First's insolvency for another 60 days

Tue, Feb 13, 2024

A two-member bench of the Delhi-based NCLT admitted the plea filed by the resolution professional (RP) of Go First seeking an extension of the timeline to complete the corporate insolvency resolution process (CIRP).

Go First's lenders seek investor bids by January 31 -sources

Go First's lenders seek investor bids by January 31 -sources

Mon, Jan 15, 2024

The second banker said the Committee of Creditors could also consider extending the month-end deadline at the request of a potential suitor.

Akasa Air tops list of on-time performance flights; know where Air India and Indigo stand

Akasa Air tops list of on-time performance flights; know where Air India and Indigo stand

Tue, Dec 26, 2023

An airline's OTP is widely used as a powerful key indicator for airlines and airports and is also a potential service differentiator for marketing the brand to air travellers.

SpiceJet flies to a 52-week high after showing interest in buying Go First

SpiceJet flies to a 52-week high after showing interest in buying Go First

Tue, Dec 19, 2023

The SpiceJet board has recently approved and initiated process of raising fresh capital of about US$ 270 million to strengthen its financial position and provide resources to invest in growth plans.

Delhi airport plans levying higher charges for grounded aircraft

Delhi airport plans levying higher charges for grounded aircraft

Sun, Dec 03, 2023

An official said the grounding of the aircraft was due to various reasons, including technical issues and some airlines going into insolvency proceedings.

Jindal Power scraps plan to bid for bankrupt Go First

Jindal Power scraps plan to bid for bankrupt Go First

Tue, Nov 21, 2023

Budget carrier Go First stopped flying in early May and filed for voluntary bankruptcy proceedings amid financial woes, mainly triggered by engine issues. Last month, Jindal Power had put in an Expression of Interest (EoI) for the bankrupt airline.

Go First cancels all flight operations till November 30

Go First cancels all flight operations till November 30

Thu, Oct 19, 2023

Cash-strapped airline Go First on Thursday announced that it has yet again extended the cancellation of its daily flight till November 30, due to "operational reasons".

Govt changes insolvency rules, makes it easier for lessors to recover planes if airline goes bankrupt

Govt changes insolvency rules, makes it easier for lessors to recover planes if airline goes bankrupt

Wed, Oct 04, 2023

The government's notification to exempt transactions involving aircraft, aircraft engines, and helicopters from the Insolvency and Bankruptcy Code (IBC) comes amid the ongoing insolvency proceedings of Go First, the Wadia Group-owned airline.

Go First airline cancels all flight operations till October 2, hopes to resume bookings soon

Go First airline cancels all flight operations till October 2, hopes to resume bookings soon

Tue, Sep 26, 2023

In a notice, Go First airline said: "We regret to inform that due to operational reasons, Go First flights scheduled till 02nd October 2023 have been cancelled. We apologise for the inconvenience caused by the flight cancellations."

Aviation leasing watchdog cuts compliance rating amid Go First tussle

Aviation leasing watchdog cuts compliance rating amid Go First tussle

Tue, Sep 26, 2023

The courtroom battle started after Go First was granted bankruptcy protection in May. Under Indian law, that prevented lessors from recovering 50-plus grounded Airbus (AIR.PA) planes.

Go First says airline's revival could be derailed by lessors' demands

Go First says airline's revival could be derailed by lessors' demands

Sat, Sep 23, 2023

Go First has contested lessors demands in its first response in court in the matter, saying it would be a time-consuming process that would hit its revival, legal filings by its bankruptcy officer, Shailendra Ajmera, showed.

Dubai Aerospace flags corrosion in plane leased to bankrupt Go First

Dubai Aerospace flags corrosion in plane leased to bankrupt Go First

Fri, Sep 15, 2023

Foreign lessors have been engaged in a legal tussle to repossess their aircraft after Go First was granted bankruptcy protection in May, imposing an asset freeze that blocked the recovery of 50 plus grounded Airbus planes.

Go First lenders likely to extend deadline seeking investor interest: Report

Go First lenders likely to extend deadline seeking investor interest: Report

Sat, Sep 09, 2023

The deadline for submitting preliminary interest to bid for insolvent Go Airlines (India) is likely to be extended by another two-to-three weeks amid lack of any such application by suitors, two banking sources told Reuters on Friday.

Go First extends flight cancellations till August 11 citing 'operational reasons'

Go First extends flight cancellations till August 11 citing 'operational reasons'

Tue, Aug 08, 2023

Go First said that the company has filed an application for immediate resolution and revival of operations and is optimistic about resuming bookings shortly.

Go First can't fly lessors' aircraft as of now: HC

Go First can't fly lessors' aircraft as of now: HC

Thu, Aug 03, 2023

Justice Tara Vitasta Ganju, who had on July 28 directed that the status quo be maintained in respect of handling/non-revenue flights of the petitioner lessors' aircraft till August 3, extended the interim order till further orders.

Go First to return Rs 597 crore to around 15.5 lakh passengers, NCLT issues notice to CoC & IBBI

Go First to return Rs 597 crore to around 15.5 lakh passengers, NCLT issues notice to CoC & IBBI

Mon, Jul 31, 2023

The National Company Law Tribunal (NCLT) on Monday issued notices to the Committee of Creditors of Go First and insolvency regulator IBBI over a plea to refund Rs 597.54 crore to around 15.5 lakh passengers who booked tickets for travel on and after May 3.

Go First approaches NCLT seeking permission for refund of cancelled tickets

Go First approaches NCLT seeking permission for refund of cancelled tickets

Sun, Jul 30, 2023

The Resolution professional of Go First has filed a new application before the Delhi bench of NCLT, requesting "to permit the applicant/CD to make payment of refund to passengers of the CD whose airline tickets have been cancelled since May 3, 2023."

Go First Airlines To Resume: Go First Airlines Set to Take Flight Next Week

Go First Airlines To Resume: Go First Airlines Set to Take Flight Next Week

Thu, Jul 27, 2023

Go First flights can start from next week, first charter, then normal flights can start

Go First receives lifeline, DGCA approves airline's flight resumption plan with certain conditions

Go First receives lifeline, DGCA approves airline's flight resumption plan with certain conditions

Fri, Jul 21, 2023

Go First flight resumption plan: Go First may resume scheduled flight operations on the availability of interim funding and approval of flights scheduled by DGCA, the release said.

Is GoFirst facing financial crisis?

Is GoFirst facing financial crisis?

Mon, Jul 10, 2023

GoFirst facing financial crisis is now ready to be sold, Resolution professional called for EoI, know full details in this video

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