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Aviation Working Group (AWG) has further downgraded India as lessors have not been able to repossess their planes from Go First more than four months after the airline filed for insolvency. The leasing cost stands as a prominent expense for Indian airlines. With AWG’s downgrade, it is likely that lessors will increase the aircraft leasing […]Continue Reading
Aviation Top Stories
Go First has approached the National Company Law Tribunal (NCLT) seeking permission to refund money to passengers who had booked their tickets for travel on and after May 3, the day when the airline suspended operations. The Resolution professional of Go First has filed a new application before the Delhi bench of NCLT, requesting “to […]Continue Reading
Aviation Top Stories
The National Company Law Tribunal (NCLT) yesterday refused to restrain the resolution professional of Go First from using the aircraft leased to it by six leasing companies. A bench of judicial member Mahendra Khandelwal and technical member Rahul Bhatnagar was approached by the aircraft leasing companies seeking an order to restrain Go First from commercially […]Continue Reading
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