Key Points
Aircraft lessors on Tuesday approached aviation regulator DGCA to deregister 45 Go First Airways planes..
Skies are getting more cloudy for the cash-starved Go First with aviation regulator DGCA on Monday directing the airline to immediately stop ticket sales, lessors seeking deregistration of another 13 planes and the NCLT yet to give its ruling on the voluntary insolvency resolution proceedings plea...
On Monday, Go First requested the National Company Law Tribunal (NCLT) for an early decision on its plea for voluntary insolvency resolution proceedings before the two-member bench headed by tribunal President Ramalingam Sudhakar...
As uncertainties rise over the future of the no-frills airline, the Directorate General of Civil Aviation (DGCA) has directed the carrier to immediately stop bookings and sale of tickets till further orders...
Meanwhile, the NCLT on Monday issued a notice to SpiceJet on a petition filed by an aircraft lessor, seeking initiation of insolvency resolution proceedings against the budget carrier and the next hearing is scheduled for May 17...
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Go First flights cancelled until May 9; DGCA directs airline to process refunds to passengers
04, May, 23The Directorate General of Civil Aviation (DGCA) said the Go First has suspended the sale of tickets till May 15 and is working to refund or reschedule existing bookings for future dates
Go First's insolvency flight leaves trail of concerns for aircraft lessors
14, May, 23Currently, Indian carriers have around 700 planes and some of them, including Air India, are expanding their fleet. Most of the commercial aircraft in the country are operated through the sale and lease-back model, and there are concerns that developments related to Go First could push leasing costs higher.
Go First lessors queue up to stitch deals with rival airlines
09, May, 23Go Airlines has filed a petition with the National Company Law Tribunal (NCLT) for voluntary insolvency. The court is expected to pass an order on Wednesday.
DGCA issues show cause notice to Go First, asks co to stop selling tickets
08, May, 23In view of the sudden cancellation of flights and initiation of corporate insolvency resolution process under IBC by Go Airlines (India) Limited (Go First), DGCA has issued a show cause notice to Go First under the relevant provisions of the Aircraft Rules, 1937, for their failure to continue the operation of the service in a safe, efficient and reliable manner, the DGCA said.
Lessors Oppose Go First's Insolvency Plea
04, May, 23Go First said that it has been forced to cancel over 4,000 flights in the last month.
Go First pilots may approach resolution professional for promised hikes
16, Jun, 23The airline has committed a default of Rs 2,660 crore towards aircraft lessors and Rs 1,202 crore towards its vendors.
Termination of aircraft leases would have no consequence, says Go First; lessors question airline's reviva
13, May, 23Aircraft leasing companies have raised doubts about the revival of Go First, a carrier under the Wadia group, which filed for corporate insolvency resolution proceedings. Aircraft leasing experts argued that the cost of resumption is enormous, with the average per-aircraft rent set at around $200,000 per month.
Go First crisis: DGCA receives request to delist 45 planes of the airways
09, May, 23Go First stopped flying from May 3 and aviation regulator DGCA on Monday directed the airline to stop sale of tickets till further orders.