Search For "insolvency"
Go First now cancels all scheduled flights till June 4
Updated : 2 years, 9 months ago IST
Crisis-hit Go First Airlines on Tuesday informed that its scheduled flight operations will remain cancelled till June 4, adding that a full refund will be issued to the passengers.
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National Company Law Appellate Tribunal upholds NCLT's Go First insolvency
Updated : 2 years, 9 months ago IST
The National Company Law Appellate Tribunal (NCLAT) on Monday upheld the National Company Law Tribunal (NCLT) order which had admitted Go First Airlines' voluntary plea for insolvency
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Insolvency filing 'depressing' in growing Indian market, says Airbus India
Updated : 2 years, 9 months ago IST
Amid concerns from lessors in the wake of Go First insolvency proceedings, aircraft maker Airbus on Thursday said the industry expects the government to expedite the alignment of domestic laws with international conventions and treaties.
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"Not great thing for civil aviation...we want resumption of flights": Scin
Updated : 2 years, 10 months ago IST
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.
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Go First cancels all flights till May 26
Updated : 2 years, 10 months ago IST
Earlier, the airlines had cancelled flights till May 19.
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National Company Law Appellate Tribunal to hear Go First lessors' plea tod
Updated : 2 years, 10 months ago IST
NCLAT on Friday deferred the matter pertaining to Go First lessors' petition seeking a stay on a bankruptcy court order allowing voluntary insolvency of the low-cost airline to Monday.
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Boeing terms Go First insolvency 'unfortunate' in Indian aviation market w
Updated : 2 years, 10 months ago IST
On the Go First issue of bankruptcy, US aircraft manufacturer company Boeing India on Friday said these are unfortunate circumstances for the airline, the lessors, travellers and for all the stakeholders.
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Geared up for expansion in operations, no question of filing insolvency: S
Updated : 2 years, 10 months ago IST
SpiceJet has initiated the process of reviving its grounded fleet with the USD 50 million funds received by the airline from the government's Emergency Credit Line Guarantee Scheme (ECLGS) and internal cash accruals.
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SMBC Aviation Capital challenges NCLT order protecting Go First from recov
Updated : 2 years, 10 months ago IST
On Wednesday, the NCLT admitted Go First's plea for voluntary insolvency and admitted for the initiation of Corporate Insolvency Resolution Process (CIRP) proceedings. NCLT has granted Go First protection under a moratorium from recovery by lessors and lenders.
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"Without Merit": Pratt & Whitney on Go First's allegations; to pursue
Updated : 2 years, 10 months ago IST
"Go First's allegations that Pratt & Whitney is responsible for its financial condition are without merit. Pratt & Whitney will vigorously defend itself against Go's claims, and is pursuing its own legal recourse," Pratt & Whitney Spokesperson told ANI.
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Go First CEO meets DGCA official, civil aviation secretary for future cour
Updated : 2 years, 10 months ago IST
Go First CEO Kaushik Khona met DGCA officials right after the National Company Law Tribunal (NCLT) in its judgement on Wednesday admitted the plea of Go First Airlines for insolvency proceedings.
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NCLT decision is historic, in line with spirit of Insolvency and Bankruptc
Updated : 2 years, 10 months ago IST
Go First Airline Chief Executive Officer Kaushik Khona on Wednesday said the airline was grateful for the entire process of NCLT and noted that this is in line with the spirit of the Insolvency and Bankruptcy Code (IBC)
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