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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: Five reasons why private airlines fail so often in India | Explained

Go First Crisis: Five reasons why private airlines fail so often in India | Explained

Fri, May 12, 2023

Go First has gone bankrupt and it has blamed its troubles on American company Pratt & Whitney's faulty engines. But do you know that Go First isn't the only airlines to go bankrupt in India. There are a variety of reasons behind an airlines' failure. In this video, get to know about the reason that push an airlines into bankruptcy.

Go First Airways set to restart operations soon after insolvency filing: Watch to know more

Go First Airways set to restart operations soon after insolvency filing: Watch to know more

Thu, May 11, 2023

After filing for insolvency, Go First Airways is set to resume flights with a smaller operation starting from May 24th. The airline recently cancelled all its flights until May 19th and is set to undergo a voluntary insolvency resolution process. The current management is to be replaced by a court-appointed resolution professional.

Go First to resume its flights on May 24; know details

Go First to resume its flights on May 24; know details

Wed, May 10, 2023

Earlier, Go First had announced the cancellation of all flights till May 19, 2023.

Go First Crisis: All flight operations cancelled till May 19--Check Details Here

Go First Crisis: All flight operations cancelled till May 19--Check Details Here

Wed, May 10, 2023

Go First has cancelled all flights until May 19th, as per the latest announcement by the airline. The cash-strapped carrier cited "operational reasons" for the cancellation of flights. Furthermore, the airline, in its announcement, mentioned that a full refund will be issued for the flight cancellations.

Go First crisis: NCLT to pass order on airline's insolvency plea on Wednesday

Go First crisis: NCLT to pass order on airline's insolvency plea on Wednesday

Tue, May 09, 2023

Go First crisis: The NCLT would decide on Go First's plea seeking an interim moratorium on its financial obligations on Wednesday at 10:30 am

DGCA Sends Notice To Go First, Tells It To Stop Selling Tickets Immediately

DGCA Sends Notice To Go First, Tells It To Stop Selling Tickets Immediately

Mon, May 08, 2023

Aviation regulator Directorate General of Civil Aviation (DGCA) on Monday issued a second notice to low-fare airline Go First that suspended flights from May 3 and told the airline to stop booking and selling tickets with immediate effect.

Go First crisis: DGCA issues show-cause notice to airline, also asks it to stop bookings, sales of tickets

Go First crisis: DGCA issues show-cause notice to airline, also asks it to stop bookings, sales of tickets

Mon, May 08, 2023

Go First has been issued notice for its failure to continue the operation of the service in a safe, efficient and reliable manner.

Go First cancels all flights till May 12, to refund tickets soon

Go First cancels all flights till May 12, to refund tickets soon

Fri, May 05, 2023

"... Due to operational reasons, Go First flights scheduled till 12th May 2023 have been cancelled," the airline said in a tweet.

Go First Seeks Moratorium For Revival As NCLT Begins Hearing Insolvency Plea

Go First Seeks Moratorium For Revival As NCLT Begins Hearing Insolvency Plea

Thu, May 04, 2023

Cash-strapped budget airline Go First has sought an interim moratorium as the Delhi chapter of the National Company Law Tribunal (NCLT) began hearing its voluntary insolvency plea on May 4.

Go First Crisis: What Happens To Your Flight Booking Money? All You Need To Know

Go First Crisis: What Happens To Your Flight Booking Money? All You Need To Know

Thu, May 04, 2023

Low-cost airline Go First has filed for bankruptcy due to a severe cash crunch and all its flights will be suspended for at least three days starting May 3. On its website, the airline said, “We regret to inform that due to operational reasons, Go First flights scheduled for 3rd, 4th and 5th May 2023 have been cancelled. We apologize for the inconvenience caused by the flight cancellations.”

Go First cancels all flights till May - Details

Go First cancels all flights till May - Details

Thu, May 04, 2023

After examining the reply filed by Go First, the watchdog has issued an order "under the prevailing regulations directing them to process the refunds to passengers as per the timelines specifically stipulated in the relevant regulation".

Go First Airways: What went wrong with low-cost carrier?-- Explained

Go First Airways: What went wrong with low-cost carrier?-- Explained

Wed, May 03, 2023

Go First Airways filed for insolvency resolution proceedings in the National Company Law Tribunal and announced that it will suspend its flight operations from May 3-5. But why did the airline take this drastic step at the time domestic air travel is soaring?

Aapki Khabar Aapka Fayda: Go First Bankruptcy - Is This A Red Flag For The Indian Aviation Sector? Watch This Discussion

Aapki Khabar Aapka Fayda: Go First Bankruptcy - Is This A Red Flag For The Indian Aviation Sector? Watch This Discussion

Wed, May 03, 2023

The Wadia Group-owned Go First has suspended flights for May 3, 4 and 5 due to a severe fund crunch. The company said that they had to take this step due to the shortage of engines and cash crunch. Is the shortage of engines responsible for the cancellation of the Go First flights? Who is responsible for the Go First crisis? Will the Go First crisis make air travel costlier? Will the losses of Go First be compensated? Is this a red flag for the aviation sector? Watch this special discussion on Aapki Khabar Aapka Fayda.

Go First Crisis Full Story: Takeoff 18 Yrs Ago, Now Crash Landing! Why Has Go First Filed For Bankruptcy?

Go First Crisis Full Story: Takeoff 18 Yrs Ago, Now Crash Landing! Why Has Go First Filed For Bankruptcy?

Wed, May 03, 2023

The Wadia Group-owned Go First has suspended flights for May 3, 4 and 5 due to a severe fund crunch. Domestic budget carrier Go First announced that it has filed an application for voluntary insolvency resolution proceedings before the National Company Law Tribunal (NCLT), Delhi. Why has Go First filed for bankruptcy? Watch the full story in this video.

Airfares likely to rise as Go First cancellations reduce capacity: TAAI

Airfares likely to rise as Go First cancellations reduce capacity: TAAI

Wed, May 03, 2023

Go First news: Bogged down by an acute financial crunch due to grounding of more than half of its fleet amid P&W engine supply woes, Go First has cancelled flights for three days starting May 3.

Go First doing everything possible in current situation with utmost care for employees: CEO tells staff

Go First doing everything possible in current situation with utmost care for employees: CEO tells staff

Wed, May 03, 2023

Go First news: Go First chief Kaushik Khona has told employees that the airline has been crippled by recurring Pratt & Whitney engine troubles and assured that the carrier is doing everything possible to navigate the situation with utmost care and concern for all staff.

Fly Robin Fly! InterGlobe Aviation jumps 8% amid Go First crisis; analysts gung-ho on stock

Fly Robin Fly! InterGlobe Aviation jumps 8% amid Go First crisis; analysts gung-ho on stock

Wed, May 03, 2023

Credit Suisse, in its latest report, said that Go First bankruptcy can benefit InterGlobe Aviation, in terms of higher market share and stronger yields in a capacity-constrained environment.

Go First Insolvency: Pratt And Whitney Issues Statement, Claims It Will Comply On Go First Arbitration Award

Go First Insolvency: Pratt And Whitney Issues Statement, Claims It Will Comply On Go First Arbitration Award

Wed, May 03, 2023

P&W said in its statement noted: "Pratt & Whitney is committed to the success of our airline customers, and we continue to prioritize delivery schedules for all customers. Pratt & Whitney is complying with the March 2023 arbitration ruling related to Go First."

Axis Bank informs it has Nil outstanding from Go Airlines

Axis Bank informs it has Nil outstanding from Go Airlines

Wed, May 03, 2023

According to Reuters, Go First owes Rs 652.1 crore ($798 million) to Central Bank of India (CBI.NS), Bank of Baroda, IDBI Bank, and Deutsche Bank are among Go First's financial creditors.

Editor's Take: Go First Filed For Bankruptcy, Banks At Risk, Which Stocks Are Under Pressure? Reveals Anil Singhvi

Editor's Take: Go First Filed For Bankruptcy, Banks At Risk, Which Stocks Are Under Pressure? Reveals Anil Singhvi

Wed, May 03, 2023

Go First filed for bankruptcy, banks at risk, Which stocks are under pressure? Know from Anil Singhvi.

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