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 Approaches Tribunal For Refund Of Cancelled Tickets
Go First has approached the National Company Law Tribunal (NCLT) seeking permission to refund money to passengers who had booked their tickets for travel on and after May 3, the day when the cash-strapped airline suspended operations.
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Cash-Strapped Airline Go First Looks For Bidders To Fly Again
The cash-strapped carrier stopped flying on May 3 and is undergoing the voluntary insolvency resolution process.
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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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Go First CEO Calls Company Law Tribunal Order "Landmark, Historic"
Go First CEO Kaushik Khona on Wednesday described the NCLT's decision to admit the airline's plea for voluntary insolvency resolution proceedings as a "landmark judgement" that is very timely and effective for its revival.
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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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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 Approaches Tribunal For Refund Of Cancelled Tickets
Go First has approached the National Company Law Tribunal (NCLT) seeking permission to refund money to passengers who had booked their tickets for travel on and after May 3, the day when the cash-strapped airline suspended operations.
-
Cash-Strapped Airline Go First Looks For Bidders To Fly Again
The cash-strapped carrier stopped flying on May 3 and is undergoing the voluntary insolvency resolution process.
-
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.
-
Go First CEO Calls Company Law Tribunal Order "Landmark, Historic"
Go First CEO Kaushik Khona on Wednesday described the NCLT's decision to admit the airline's plea for voluntary insolvency resolution proceedings as a "landmark judgement" that is very timely and effective for its revival.
-
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.
