TBM Staff - Mumbai
The National Company Law Appellate Tribunal (NCLAT) has dismissed the plea of Jalan Kalrock Consortium (JKC), the successful bidder for Jet Airways, opposing the sale of three aircraft to Ace Aviation. JKC has now moved
TBM Staff - Mumbai
In the latest developments surrounding struggling airline Go First, sources reveal that the deadline for submitting financial bids for the acquisition of the airline has been set for January 31. Go First had filed for
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
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
TBM Staff - Mumbai
Lenders of the crisis-hit Go First airline extended deadline for submission of expressions of interest (EoI) to September 28, said a report on Wednesday. Provisional list of prospective resolution applicants will be issued on October
TBM Staff - Mumbai
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
