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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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Go First Crisis: Delhi HC allows airline lessors to access aircraft for inspection, carry out maintenance

Go First Crisis: Delhi HC allows airline lessors to access aircraft for inspection, carry out maintenance

Wed, Jul 05, 2023

Go First Crisis: The Delhi High Court Wednesday allowed crisis-hit Go First's lessors to inspect their aircraft at least twice a month and carry out maintenance.

Go First revival plan: DGCA to examine documents, conduct audit before restarting operations

Go First revival plan: DGCA to examine documents, conduct audit before restarting operations

Thu, Jun 29, 2023

Aviation regulator DGCA will examine documents submitted by Go First related to the revival plan and will also conduct an audit on operational preparedness before allowing the carrier to restart operations, according to sources.

IndiGo becomes India's first airline with market cap of over $100 billion

IndiGo becomes India's first airline with market cap of over $100 billion

Wed, Jun 28, 2023

IndiGo's stock price has surged more than 28% in 2023 so far after Wadia Group-owned Go First filed for insolvency. The company has also announced a massive order of 500 Airbus Neo family aircraft, the biggest single purchase agreement in aviation history.

Final Trade: Market broke for the third consecutive day, TCS-RIL slipped

Final Trade: Market broke for the third consecutive day, TCS-RIL slipped

Mon, Jun 26, 2023

Share Bazar: The stock market started flat on Monday. Major indices of the market are sluggish due to weak global cues. BSE Sensex has reached the level of 63,000 and Nifty 18,700. Metal and IT stocks are at the forefront of market weakness. Shares of TCS and Adani Enterprises are top losers in Nifty. While Tata Consumer shares climbed 2% to be the top gainer.

Embattled airline Go First's lenders approve Rs 450 crore interim funding: report

Embattled airline Go First's lenders approve Rs 450 crore interim funding: report

Mon, Jun 26, 2023

After the approval, the respective banks also need to get the go-ahead from their boards. The creditors committee of the airline comprises Central Bank of India, Bank of Baroda, IDBI Bank and Deutsche Bank.

Go First Crisis: Go First flights grounded for almost two months after it filed insolvency

Go First Crisis: Go First flights grounded for almost two months after it filed insolvency

Wed, Jun 21, 2023

Go First Crisis: Crisis-hit airline Go First on Wednesday announced that its scheduled flight operations will remain cancelled till June 25 due to operational reasons.

Go First extends its flight cancellations till June 16

Go First extends its flight cancellations till June 16

Tue, Jun 13, 2023

"We acknowledge the flight cancellations might have disrupted your travel plans and we are committed to providing all the assistance we can. A full refund will be issued to the original mode of payment shortly," said the company in a statement.

Go First cancels flights till June 9 due to operational issues

Go First cancels flights till June 9 due to operational issues

Tue, Jun 06, 2023

The airline in a statement said that a full refund will be issued to the original mode of payment shortly.

NCLT to hear Go First lessors' plea, directs IRP to file reply in one week

NCLT to hear Go First lessors' plea, directs IRP to file reply in one week

Mon, Jun 05, 2023

The three lessors, which approached the National Company Law Tribunal (NCLT), are BOC Aviation (Ireland), Jackson Square Aviation Ireland and Engine Lease Finance BV.

Spike in airfare: Civil Aviation Ministry asks aviation companies to self-monitor air ticket prices

Spike in airfare: Civil Aviation Ministry asks aviation companies to self-monitor air ticket prices

Mon, Jun 05, 2023

According to Zee Business report, the Ministry has asked aviation players to self-monitor the airfare on certain select routes that have seen considerable price hike, particularly those that were earlier being serviced by Go First.

Go First cancels all flights till June 4 citing operational reasons

Go First cancels all flights till June 4 citing operational reasons

Tue, May 30, 2023

"We apologise for the inconvenience caused by the flight cancellations... A full refund will be issued to the original mode of payment shortly," the airline said.

Go First Crisis: DGCA should de-register aircraft, lessors tell Delhi HC

Go First Crisis: DGCA should de-register aircraft, lessors tell Delhi HC

Fri, May 26, 2023

Go First Crisis: Aircraft lessors - Pembroke Aircraft Leasing 11 Ltd, SMBC Aviation Capital Ltd, Accipiter Investments Aircraft 2 Ltd and EOS Aviation 12 (Ireland) Ltd - on Friday moved the Delhi High Court seeking to de-register their aircraft currently on lease with the cash-strapped airline Go First.

DGCA to conduct audit of Go First's preparedness before allowing flight resumption

DGCA to conduct audit of Go First's preparedness before allowing flight resumption

Wed, May 24, 2023

Aviation regulator DGCA will conduct an audit of Go First's preparedness before approving resumption of flights by the crisis-hit carrier, according to a communication.

Go First Crisis: Airline's suspended board files caveats before Supreme Court against aircraft lessors

Go First Crisis: Airline's suspended board files caveats before Supreme Court against aircraft lessors

Tue, May 23, 2023

Go First Crisis: The suspended board of Go First on Tuesday filed caveats before the Supreme Court against four aircraft lessors of the crisis-hit airline.

NCLAT Upholds Go First's Insolvency Order, Lessors Asked To Move To NCLT

NCLAT Upholds Go First's Insolvency Order, Lessors Asked To Move To NCLT

Mon, May 22, 2023

In what came as a relief for Go First, the National Company Law Appellate Tribunal (NCLAT), on May 22, upheld the NCLT order on the airline's insolvency. The lessors have been asked to move an appropriate application at the National Company Law Tribunal (NCLT).

Go First cancels all its operations till May 26

Go First cancels all its operations till May 26

Wed, May 17, 2023

The company said that a full refund will be issued to the original mode of payment shortly, and it would provide necessary assistance to the passengers whose flights have been cancelled.

Go First ticket cancellation: How to get tickets refunded? Airline launches 'Ease My Claims' portal to refund cancelled flight tickets — check process

Go First ticket cancellation: How to get tickets refunded? Airline launches 'Ease My Claims' portal to refund cancelled flight tickets — check process

Tue, May 16, 2023

Go First Ticket Cancellation Refund Process: Cash-strapped airline Go First has created a portal where ticket-holders who had booked to travel on cancelled flights can claim refunds. The airline has cancelled its flights from May 3 onwards.

India 360: Go First Insolvency Severely Impacts Airfare, Flight Ticket Prices Soar Upto 10 Times On Busiest Routes

India 360: Go First Insolvency Severely Impacts Airfare, Flight Ticket Prices Soar Upto 10 Times On Busiest Routes

Fri, May 12, 2023

Almost all the airlines of the country have increased the prices of their flight tickets due to the closure of Go First flights overnight. Other airlines have increased fares up to 10 times on busy routes. Summer vacation is going on and most of the people are planning to visit special places. This is the reason that airlines are taking direct advantage of the fact that flights are less and passengers are more. After all, why are airlines taking advantage of the situation? Watch this special discussion with Deepak Dobhal.

Voluntary Insolvency By Go First A Fraudulent Exercise: SMBC Aviation To NCLAT

Voluntary Insolvency By Go First A Fraudulent Exercise: SMBC Aviation To NCLAT

Fri, May 12, 2023

SMBC Aviation Capital Ltd told NCLAT that the initiation of insolvency by Go First was a “fraudulent exercise".

Go First crisis will not change Indian aviation's growth trajectory: Boeing

Go First crisis will not change Indian aviation's growth trajectory: Boeing

Fri, May 12, 2023

Go First Crisis: Boeing India President Salil Gupte said it is "never a positive" when an airline runs into financial challenges because it takes a toll on the management, employees, all stakeholders and also puts a strain on the overall transport infrastructure.

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