Go First Insolvency Resolution Proceedings
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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 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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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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Company Law Tribunal To Hear Go First's 2 Insolvency Petitions Next Week
As Go First awaits the NCLT ruling on its voluntary insolvency resolution plea, the tribunal is set to hear on Monday two petitions seeking insolvency proceedings against the crisis-hit airline.
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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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Go Air May Have Planes Repossesed, Complicating Rescue Efforts
Lessors are seeking to take back possession of at least 20 Airbus SE jets operated by Go Airlines India Ltd., further complicating the insolvent carrier's attempts to start flying again.
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"Assisting In Every Possible Manner": Aviation Minister On Go First Crisis
Civil Aviation Minister Jyotiraditya Scindia on Tuesday said it was unfortunate that the operational bottleneck related to engine supplies has dealt a blow to the airline's financial position.
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Go First Offers Full Refund After Cancelling Flights Over Next 3 Days
Cash-strapped airline Go First Airways has cancelled its flights over the next three days and filed for voluntary insolvency resolution proceedings in the National Company Law Tribunal on Tuesday.
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"Ever-Increasing Number Of Failing Engines...": Go First's Full Statement
Budget airline Go First on Tuesday said it has been forced to seek voluntary insolvency resolution proceedings due to shortage of spare engines from US firm Pratt & Whitney (P&W), resulting in grounding of 50 per cent of the fleet.
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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.
-
"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 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.
-
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.
-
Company Law Tribunal To Hear Go First's 2 Insolvency Petitions Next Week
As Go First awaits the NCLT ruling on its voluntary insolvency resolution plea, the tribunal is set to hear on Monday two petitions seeking insolvency proceedings against the crisis-hit airline.
-
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).
-
Go Air May Have Planes Repossesed, Complicating Rescue Efforts
Lessors are seeking to take back possession of at least 20 Airbus SE jets operated by Go Airlines India Ltd., further complicating the insolvent carrier's attempts to start flying again.
-
"Assisting In Every Possible Manner": Aviation Minister On Go First Crisis
Civil Aviation Minister Jyotiraditya Scindia on Tuesday said it was unfortunate that the operational bottleneck related to engine supplies has dealt a blow to the airline's financial position.
-
Go First Offers Full Refund After Cancelling Flights Over Next 3 Days
Cash-strapped airline Go First Airways has cancelled its flights over the next three days and filed for voluntary insolvency resolution proceedings in the National Company Law Tribunal on Tuesday.
-
"Ever-Increasing Number Of Failing Engines...": Go First's Full Statement
Budget airline Go First on Tuesday said it has been forced to seek voluntary insolvency resolution proceedings due to shortage of spare engines from US firm Pratt & Whitney (P&W), resulting in grounding of 50 per cent of the fleet.
