TBM Staff - Mumbai In a recent development, the Delhi High Court (HC) has raised concerns over Go First's Resolution Professional (RP) for their alleged failure to maintain aircraft as per records. The court has given the RP until
TBM Staff - Mumbai The National Company Law Tribunal (NCLT) has dismissed an insolvency plea filed by Wilmington Trust SP Services against the low-cost carrier. "...lacks merit, is not maintainable and therefore stands dismissed," the bench of NCLT, which
TBM Staff - Mumbai Crisis-hit SpiceJet on Tuesday announced that it will raise more than INR 2,250 crore through the issuance of shares and warrants to 64 entities, including financial institutions and FIIs, a move that will help the
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 Naveen Jindal-backed Jindal Power Ltd (JPL) has submitted the sole expression of interest (EoI) for Go First. The Wadia-group airline suspended operations in May due to a cash crunch resulting from defective aircraft engines. In
TBM Staff - Mumbai The Delhi High Court will hear aircraft leasing companies’ plea for deregistration of Go First aircraft on October 19. With a favourable notification from the Ministry of Corporate Affairs, the lessors pressed for the release
