TBM Staff - Mumbai
Akasa Air has now beaten Air India and IndiGo for the best on-time performance, according to the ranking list released by the Ministry of Civil Aviation. As per the data for the OTP matrix, where
TBM Staff - Mumbai
In a noteworthy development, the global aviation watchdog, Aviation Working Group (AWG), has downgraded India's status from "positive" to "negative." This downgrade comes in the wake of the ongoing insolvency struggles faced by Go First,
TBM Staff - Mumbai
In a critical development, lenders of the embattled domestic carrier Go First, founded by billionaire Nusli Wadia, are reportedly leaning towards approving a proposal to liquidate the airline. Despite facing multiple deadlines to resolve its
TBM Staff - Mumbai
Over 150 aircraft belonging to Indian airlines are grounded, and that number could increase to 200 by March 2024, CAPA India said in its mid-year outlook on Monday. Indian carriers have a fleet of around
TBM Staff - Mumbai
Jindal Power has decided not to go ahead with its plan to bid for Go First, which is undergoing an insolvency resolution process, according to industry sources. Budget carrier Go First stopped flying in early
TBM Staff - Mumbai
Lenders to Go First are not in favour of releasing additional funding to the grounded airline, given its legal troubles with lessors and complexities related to changes in the bankruptcy law, two banking sources told
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