Go First Insolvency

The National Company Law Tribunal (NCLT) has granted an extension of 60 days to the grounded air carrier Go First for completing the 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.

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.

Jettwings Airways today said it has submitted an Expression of Interest for the grounded Go First, which is undergoing an insolvency resolution process.

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

The National Company Law Tribunal (NCLT) on Monday issued notices to the Committee of Creditors of Go First and insolvency regulator IBBI over a plea to refund Rs 597.54 crore to around 15.5 lakh passengers who booked tickets for travel on and after May 3.

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.

In a written reply to Rajya Sabha, Minister of State for Civil Aviation V K Singh said the Directorate General of Civil Aviation (DGCA) has received applications from lessors for the deregistration of a total number of 54 aircraft leased to Go First.

The cash-strapped carrier stopped flying on May 3 and is undergoing the voluntary insolvency resolution 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.

The Directorate General of Civil Aviation (DGCA) Wednesday told the Delhi High Court it was due to a technical glitch on its portal that the applications of several aircraft lessors of Go First for deregistration of their planes were shown as 'reject

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.

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.

Union Minister Jyotiraditya Scindia on Thursday said that the Go First insolvency matter is "not a great thing for civil aviation" and said that the Ministry wants a resumption of flights as soon as possible.

The National Company Law Tribunal (NCLT) has granted an extension of 60 days to the grounded air carrier Go First for completing the 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.

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.

Jettwings Airways today said it has submitted an Expression of Interest for the grounded Go First, which is undergoing an insolvency resolution process.

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

The National Company Law Tribunal (NCLT) on Monday issued notices to the Committee of Creditors of Go First and insolvency regulator IBBI over a plea to refund Rs 597.54 crore to around 15.5 lakh passengers who booked tickets for travel on and after May 3.

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.

In a written reply to Rajya Sabha, Minister of State for Civil Aviation V K Singh said the Directorate General of Civil Aviation (DGCA) has received applications from lessors for the deregistration of a total number of 54 aircraft leased to Go First.

The cash-strapped carrier stopped flying on May 3 and is undergoing the voluntary insolvency resolution 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.

The Directorate General of Civil Aviation (DGCA) Wednesday told the Delhi High Court it was due to a technical glitch on its portal that the applications of several aircraft lessors of Go First for deregistration of their planes were shown as 'reject

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.

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.

Union Minister Jyotiraditya Scindia on Thursday said that the Go First insolvency matter is "not a great thing for civil aviation" and said that the Ministry wants a resumption of flights as soon as possible.