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Aviation
NCLT defers hearing on Go First to July 11, leaves lessors stranded

NCLT defers hearing on Go First to July 11, leaves lessors stranded

The National Company Law Tribunal (NCLT) on Monday deferred its hearing in Go First’s insolvency case to July 11, leaving the lessors stranded. The NCLT indicated that it needed more time to study the Delhi

Aviation
Delhi HC warns Go First’s Resolution Professional over aircraft maintenance, contempt plea looms

Delhi HC warns Go First’s Resolution Professional over aircraft maintenance, contempt plea looms

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

Aviation
NCLT dismisses Wilmington Trust’s insolvency plea against SpiceJet

NCLT dismisses Wilmington Trust’s insolvency plea against SpiceJet

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

Aviation
SpiceJet board approves fundraising of INR 2,250 through issues of equity shares, warrants

SpiceJet board approves fundraising of INR 2,250 through issues of equity shares, warrants

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

Interviews
Aviation Working Group downgrades India’s status to negative with Go First’s insolvency

Aviation Working Group downgrades India’s status to negative with Go First’s insolvency

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,

Aviation
Naveen Jindal’s Jindal Power submits EoI for Go First

Naveen Jindal’s Jindal Power submits EoI for Go First

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

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