Aviation Top Stories

GoFirst settles dues of Deutsche Bank

By TBM Staff - Mumbai Wednesday, 23 August 2023, 3:00 PM 1093

GoFirst has settled out of court the loans it owes to Deutsche Bank. Consequently, the German bank has told the airline’s committee of creditors that it intends to withdraw from the group. Although Deutsche Bank confirmed the settlement, it did not disclose the terms. The bank’s claims against the airline stood at INR13.65 billion Indian […]Continue Reading

Aviation Top Stories

Go First left with only 100 pilots amid delay in resuming operations: Sources

By TBM Staff - Mumbai Tuesday, 22 August 2023, 2:00 PM 508

The delay in reviving Go First has adversely impacted its workforce with no salaries since three months. According to sources, the airline hasn’t paid employees since May 2023 and as the revival takes longer, these employees are taking up jobs at other airlines. According to sources, 500 of the 600 Go First pilots have quit […]Continue Reading

Aviation Top Stories

SAUDIA expands fleet with addition of new A321neo aircraft

By TBM Staff - Mumbai Saturday, 5 August 2023, 3:30 PM 593

SAUDIA, the national flag carrier of Saudi Arabia, has expanded its fleet with the addition of new aircraft type, Airbus A321neo under the slogan “A neo-way of flying.” This feeds into SAUDIA’s expansion plans as the airline aims to add 20 more A321neo aircrafts to its fleet by 2026. The A321neo aircraft is a narrow-body […]Continue Reading

Aviation Top Stories

Delhi HG bars Go First from flying lessors’ aircraft

By TBM Staff - Mumbai Friday, 4 August 2023, 10:30 AM 762

The Delhi High Court has said that scheduled maintenance cannot be considered as a reason to include flying of aircraft and restrained Go First to continue with maintenance flights. In its judgement the High Court said that the resolution professional (RP) appointed under the insolvency law to manage the airline has not been able to […]Continue Reading

Ministry Top Stories

DGCA nod for Air India, IndiGo to import aircraft

By TBM Staff - Mumbai Tuesday, 1 August 2023, 10:30 AM 388

Air India and Interglobe Aviation, operator of IndiGo, have been given the nod by the Directorate General of Civil Aviation (DGCA) to import aircraft, the Ministry of Civil Aviation (MoCA) announced in a statement on July 31. The press release said Air India and Interglobe Aviation have been granted in-principle approval for import of 470 […]Continue Reading

Aviation Top Stories

NCLT allows Go First to use leased aircraft

By TBM Staff - Mumbai Thursday, 27 July 2023, 10:30 AM 671

The National Company Law Tribunal (NCLT) yesterday refused to restrain the resolution professional of Go First from using the aircraft leased to it by six leasing companies. A bench of judicial member Mahendra Khandelwal and technical member Rahul Bhatnagar was approached by the aircraft leasing companies seeking an order to restrain Go First from commercially […]Continue Reading