Go Airlines Insolvency
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Go First Gets Another 60 Days To Complete Insolvency Process
Insolvency tribunal NCLT on Monday once again extended the deadline to complete the resolution process of grounded airline Go First by another 60 days.
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Go First CEO Kaushik Khona Resigns 7 Months After It Filed For Insolvency
Grounded Go First's CEO Kaushik Khona has put in his papers, nearly seven months after the no-frills airline filed for insolvency proceedings.
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Go First Lenders To Vote On Liquidation Amid Lack Of Suitors: Report
Go First airline's lenders will vote on a proposal to liquidate the insolvent Indian airline, two banking sources told Reuters on Thursday, days after a deadline to bid for the company ended with no suitors.
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Analysis: Jet Fuel Prices Hiked, Airfares To Go Up Again This Festive Season
The triple whammy of increasing jet fuel prices, GoFirst filing for insolvency, and the seat capacity of airlines remaining low is all set to hurt the wallets of flyers again this festival season.
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Go First Can't Fly Lessors' Aircraft As Of Now: Delhi High Court
The high court said the resolution professional (RP) appointed under the insolvency law to manage the airline has not been able to show any urgency or any grave imminent threat to the aircraft compelling the RP to fly them suddenly and without any pr
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Go First Airline Seeks Investor Interest As Part Of Insolvency Process
Go Airlines Ltd has invited investor interest in the company through a court-appointed administrator as part of the carrier's ongoing insolvency process, a newspaper advertisement showed on Monday.
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Pilots Offered Extra Rs 1,00,000 A Month To Stay At Go Air
Go Airlines India Ltd. plans to raise salaries of captains by 100,000 rupees ($1,211) a month and by 50,000 rupees for first officers as it tries to salvage its operations after filing for insolvency on May 2.
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Go First Insolvency Upheld By Tribunal, Setback For Lessors
The National Company Law Appellate Tribunal (NCLAT) on Monday upheld insolvency resolution proceedings against crisis-hit airline Go First, derailing aircraft lessors' efforts to take back their planes from the struggling Wadia group firm.
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"Will Have No Consequence": Go First On Termination Of Aircraft Leases
Termination of leases for aircraft by their lessors would not have any consequence as the moratorium has been imposed under insolvency resolution proceedings, Wadia group air carrier Go First on Friday said.
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Go First Gets Insolvency Cover, Lessors' Efforts To Repossess Aircraft Hit
In a major relief for the struggling budget airline Go First, the National Company Law Tribunal (NCLT) today admitted its voluntary plea to initiate an insolvency resolution process, which is aimed at restructuring debt and liabilities.
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Company Law Tribunal's Decision On Go First's Insolvency Petition Tomorrow
The National Company Law Tribunal (NCLT) will pass its order on Wednesday on crisis-hit airline Go First's plea for voluntary insolvency resolution proceedings.
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Tata And IndiGo Prepare To Swoop On Go Air's Aviation Assets: Report
India's biggest conglomerate and largest airline are in talks to take Airbus SE planes from Go Airlines India Ltd. after the carrier filed for insolvency protection and was ordered to stop selling tickets.
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Government Bailout Of Go First Unlikely Till Engine Issue Sorted: Minister
A government bailout of cash-strapped Go Airlines (India) Ltd was unlikely unless something could be done about the supply of engines to the airline, which sought bankruptcy protection last week, a minister has said.
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Troubled Airline Go First Extends Flight Cancellations Till May 12
Go First has filed a plea for voluntary insolvency resolution proceedings before the National Company Law Tribunal (NCLT).
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"Complying" With Arbitration Order On Go First: US Engine-Maker
A day after Go First filed for insolvency proceedings and cancelled flights citing non-availability of P&W engines, the US-based engine maker on Wednesday said it is complying with the arbitration order regarding the airline.
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Go First Gets Another 60 Days To Complete Insolvency Process
Insolvency tribunal NCLT on Monday once again extended the deadline to complete the resolution process of grounded airline Go First by another 60 days.
-
Go First CEO Kaushik Khona Resigns 7 Months After It Filed For Insolvency
Grounded Go First's CEO Kaushik Khona has put in his papers, nearly seven months after the no-frills airline filed for insolvency proceedings.
-
Go First Lenders To Vote On Liquidation Amid Lack Of Suitors: Report
Go First airline's lenders will vote on a proposal to liquidate the insolvent Indian airline, two banking sources told Reuters on Thursday, days after a deadline to bid for the company ended with no suitors.
-
Analysis: Jet Fuel Prices Hiked, Airfares To Go Up Again This Festive Season
The triple whammy of increasing jet fuel prices, GoFirst filing for insolvency, and the seat capacity of airlines remaining low is all set to hurt the wallets of flyers again this festival season.
-
Go First Can't Fly Lessors' Aircraft As Of Now: Delhi High Court
The high court said the resolution professional (RP) appointed under the insolvency law to manage the airline has not been able to show any urgency or any grave imminent threat to the aircraft compelling the RP to fly them suddenly and without any pr
-
Go First Airline Seeks Investor Interest As Part Of Insolvency Process
Go Airlines Ltd has invited investor interest in the company through a court-appointed administrator as part of the carrier's ongoing insolvency process, a newspaper advertisement showed on Monday.
-
Pilots Offered Extra Rs 1,00,000 A Month To Stay At Go Air
Go Airlines India Ltd. plans to raise salaries of captains by 100,000 rupees ($1,211) a month and by 50,000 rupees for first officers as it tries to salvage its operations after filing for insolvency on May 2.
-
Go First Insolvency Upheld By Tribunal, Setback For Lessors
The National Company Law Appellate Tribunal (NCLAT) on Monday upheld insolvency resolution proceedings against crisis-hit airline Go First, derailing aircraft lessors' efforts to take back their planes from the struggling Wadia group firm.
-
"Will Have No Consequence": Go First On Termination Of Aircraft Leases
Termination of leases for aircraft by their lessors would not have any consequence as the moratorium has been imposed under insolvency resolution proceedings, Wadia group air carrier Go First on Friday said.
-
Go First Gets Insolvency Cover, Lessors' Efforts To Repossess Aircraft Hit
In a major relief for the struggling budget airline Go First, the National Company Law Tribunal (NCLT) today admitted its voluntary plea to initiate an insolvency resolution process, which is aimed at restructuring debt and liabilities.
-
Company Law Tribunal's Decision On Go First's Insolvency Petition Tomorrow
The National Company Law Tribunal (NCLT) will pass its order on Wednesday on crisis-hit airline Go First's plea for voluntary insolvency resolution proceedings.
-
Tata And IndiGo Prepare To Swoop On Go Air's Aviation Assets: Report
India's biggest conglomerate and largest airline are in talks to take Airbus SE planes from Go Airlines India Ltd. after the carrier filed for insolvency protection and was ordered to stop selling tickets.
-
Government Bailout Of Go First Unlikely Till Engine Issue Sorted: Minister
A government bailout of cash-strapped Go Airlines (India) Ltd was unlikely unless something could be done about the supply of engines to the airline, which sought bankruptcy protection last week, a minister has said.
-
Troubled Airline Go First Extends Flight Cancellations Till May 12
Go First has filed a plea for voluntary insolvency resolution proceedings before the National Company Law Tribunal (NCLT).
-
"Complying" With Arbitration Order On Go First: US Engine-Maker
A day after Go First filed for insolvency proceedings and cancelled flights citing non-availability of P&W engines, the US-based engine maker on Wednesday said it is complying with the arbitration order regarding the airline.
