TBM Staff - Mumbai The future of Go First, which ceased operations on May 3, 2023, may soon be determined within the next two months. The National Company Law Tribunal (NCLT) granted an additional 60-day extension to the
TBM Staff - Mumbai Budget carrier SpiceJet Limited disclosed a resolution with aviation lessor Celestial Aviation before the National Company Law Tribunal (NCLT). The airline has commenced payment processes under the agreement and seeks an extra week to
TBM Staff - Mumbai The Delhi High Court directed SpiceJet to pay USD 4 million to engine lessors Team France 01 SA and Sunbird France 02 SAS by February 15. SpiceJet, seeking more time, offered an initial $1 million.
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 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
TBM Staff - Mumbai Tata-owned Air India and Vistara have asked for permission from their creditors to merge the two airlines. On Thursday, The Economic Times (ET) reported that creditors will vote on the proposal on September 23. Sources
