TBM Staff - Mumbai
The deadline for submitting preliminary interest to bid for insolvent Go Airlines (India) is likely to be extended by another two-to-three weeks amid lack of any such application by suitors. The resolution professional for the
TBM Staff - Mumbai
Go First has invited investor interest in the company through a court-appointed administrator as part of the carrier's ongoing insolvency, a newspaper advertisement showed on Monday. The process is in line with procedural requirements under
TBM Staff - Mumbai
SpiceJet has categorically ruled out filing for insolvency. And initiated the process of reviving its grounded fleet with the $50 million funds received by the airline from the government’s Emergency Credit Line Guarantee Scheme (ECLGS)
TBM Staff - Mumbai
In a major relief for the struggling budget airline Go First, the National Company Law Tribunal (NCLT) today admitted its voluntary plea to initiate an insolvency resolution process, which is aimed at restructuring debt and
TBM Staff - Mumbai
TAAI President Jyoti Mayal has expressed concern over the sudden cancellation of all flights by GO First Airline on 3rd & 4th May 2023, stating that it has put the aviation industry in a state
TBM Staff - Mumbai
Go First, a low-cost airline, has suspended its flights for three days and filed for bankruptcy due to mounting losses attributed to delays in the delivery of Pratt and Whitney engines, which have grounded half
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