Go First Airline

Out of the 54 deregistered planes, around 24 that were in a flying condition when the airline stopped operations last May have not undergone continued maintenance while 30 are without engines and spare parts.

Insolvency tribunal NCLT on Monday once again extended the deadline to complete the resolution process of grounded airline Go First by another 60 days.

SpiceJet promoter Ajay Singh has submitted a bid, in his personal capacity - with Busy Bee Airways Pvt Ltd - to acquire the troubled Go First carrier, the airline said Friday.

Lenders to India's Go First have set January 31 as the deadline for financial bids to acquire the airline, two banking sources said on Sunday.

The budget carrier SpiceJet said today that it will submit an offer with the resolution professional of Go First after due diligence to "create an airline in collaboration" with the bankrupt carrier.

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 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.

Go First Airways cancelled all its flights scheduled till September 10 due to operational reasons, the airline said in a statement on Tuesday.

Go First airlines, which has been grounded since early May, has announced a further extension of flight cancellations till August 31, the airline announced on Monday.

From fan blades to escape slides, critical parts are missing from at least two planes of India's bankrupt Go First airline, its Ireland-based lessor ACG Aircraft Leasing told the Delhi High Court.

The Supreme Court on Monday refused to entertain a petition by the interim resolution professional (IRP) of crisis-hit Go First airline against the Delhi High Court order permitting lessors to inspect their aircraft and carry out maintenance.

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, which has been grounded since early May, has announced a further extension of flight cancellations till July 31, the airline announced in a tweet on Sunday.

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.

Last Friday, DGCA conditionally allowed the grounded airline Go First to resume its operations.

Out of the 54 deregistered planes, around 24 that were in a flying condition when the airline stopped operations last May have not undergone continued maintenance while 30 are without engines and spare parts.

Insolvency tribunal NCLT on Monday once again extended the deadline to complete the resolution process of grounded airline Go First by another 60 days.

SpiceJet promoter Ajay Singh has submitted a bid, in his personal capacity - with Busy Bee Airways Pvt Ltd - to acquire the troubled Go First carrier, the airline said Friday.

Lenders to India's Go First have set January 31 as the deadline for financial bids to acquire the airline, two banking sources said on Sunday.

The budget carrier SpiceJet said today that it will submit an offer with the resolution professional of Go First after due diligence to "create an airline in collaboration" with the bankrupt carrier.

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 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.

Go First Airways cancelled all its flights scheduled till September 10 due to operational reasons, the airline said in a statement on Tuesday.

Go First airlines, which has been grounded since early May, has announced a further extension of flight cancellations till August 31, the airline announced on Monday.

From fan blades to escape slides, critical parts are missing from at least two planes of India's bankrupt Go First airline, its Ireland-based lessor ACG Aircraft Leasing told the Delhi High Court.

The Supreme Court on Monday refused to entertain a petition by the interim resolution professional (IRP) of crisis-hit Go First airline against the Delhi High Court order permitting lessors to inspect their aircraft and carry out maintenance.

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, which has been grounded since early May, has announced a further extension of flight cancellations till July 31, the airline announced in a tweet on Sunday.

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.

Last Friday, DGCA conditionally allowed the grounded airline Go First to resume its operations.