The lenders of cash-strapped #GoFirst will meet on Wednesday to discuss the future course of action.
https://www.livemint.com/news/india/go-first-lenders-to-meet-today-to-discuss-future-course-of-action-11683094462958.html
https://www.livemint.com/news/india/go-first-lenders-to-meet-today-to-discuss-future-course-of-action-11683094462958.html
mint
Go First bankruptcy: Lenders to meet today to discuss future course of action
The lenders will meet to assess the extent of provision required
The #Mumbai-based airline #GoFirst has had to ground more than half its fleet of 54 aircraft due to “ever-increasing” issues with its aircraft engines.
Read here: https://www.livemint.com/companies/news/go-first-flights-may-remain-suspended-till-15-may-11683111912963.html
Read here: https://www.livemint.com/companies/news/go-first-flights-may-remain-suspended-till-15-may-11683111912963.html
#GoFirst started humbly & grew at a steady pace before engine failures drained it of funds & has brought it to the point of bankruptcy.
Read here: https://www.livemint.com/companies/news/go-first-grounding-is-boon-for-rivals-bane-for-travellers-11683137849021.html
Read here: https://www.livemint.com/companies/news/go-first-grounding-is-boon-for-rivals-bane-for-travellers-11683137849021.html
“It will not be easy to get jobs, #GoFirst pilots are trained on 320s while Air India is largely taking 737s," said a Delhi-based aviation consultant.
https://www.livemint.com/companies/news/with-go-first-s-fate-up-in-air-staff-head-for-exits-11683137128266.html
https://www.livemint.com/companies/news/with-go-first-s-fate-up-in-air-staff-head-for-exits-11683137128266.html
mint
With Go First’s fate up in air, staff head for exits
Pilots and cabin crew are heading to rivals Air India, IndiGo and Akasa
One of the oldest private airlines in India has decided to file for bankruptcy citing persistent issues with Pratt & Whitney engines that power its fleet of 54 Airbus A320 aircraft.
Mint explains what lies at the core of #GoFirst’s troubled flight path
https://www.livemint.com/companies/news/bailing-out-what-went-wrong-at-go-first-airlines-11683136786357.html
Mint explains what lies at the core of #GoFirst’s troubled flight path
https://www.livemint.com/companies/news/bailing-out-what-went-wrong-at-go-first-airlines-11683136786357.html
mint
Bailing out: What went wrong at Go First Airlines
The airline claims a setback of ₹10,800 crore because 30-50% of its fleet has been grounded since 2020 due to continuing technical issues with Pratt & Whitney engines
#AirIndia may hire cabin & cockpit crew from #GoFirst, which has reportedly gone bankrupt, as part of its expansion plans after recently placing a large order of 500 aircraft.
https://www.livemint.com/news/india/go-first-pilots-cabin-crew-may-make-a-beeline-at-air-indias-recruitment-drive-how-to-apply-11683181302671.html
https://www.livemint.com/news/india/go-first-pilots-cabin-crew-may-make-a-beeline-at-air-indias-recruitment-drive-how-to-apply-11683181302671.html
mint
Go First pilots, cabin crew may make a beeline at Air India's recruitment drive. How to apply
Recently, Air India advertised that the airline will hire more than 1,000 pilots for its fleet
Indian airline #GoFirst has announced that it has cancelled all flights until May 9, 2023, citing operational reasons for the cancellations.
https://www.livemint.com/news/india/go-first-cancels-flights-until-may-9-citing-operational-reasons-11683185326474.html
https://www.livemint.com/news/india/go-first-cancels-flights-until-may-9-citing-operational-reasons-11683185326474.html
mint
Go First cancels flights until May 9 citing ‘operational reasons’
Go First cancels flights until May 9 citing ‘operational reasons’
The recruitment battle is heating up as #AirIndia is having to compete with the likes of #IndiGo and #AkasaAir who are also vying for the same pool of 700 #GoFirst pilots.
Read here: https://www.livemint.com/news/india/air-india-competes-with-indigo-and-akasa-air-for-go-first-pilots-as-recruitment-battle-heats-up-amid-bankruptcy-filing-11683741860405.html
Read here: https://www.livemint.com/news/india/air-india-competes-with-indigo-and-akasa-air-for-go-first-pilots-as-recruitment-battle-heats-up-amid-bankruptcy-filing-11683741860405.html
National Company Law Tribunal (NCLAT) will hear a plea filed by #GoFirst's lessor SMBC Aviation Capital Ltd challenging the tribunal's order allowing insolvency.
https://www.livemint.com/news/india/go-first-nclat-to-hear-smbc-aviation-capitals-plea-challenging-insolvency-lessor-says-why-the-hurry-11683854461381.html
https://www.livemint.com/news/india/go-first-nclat-to-hear-smbc-aviation-capitals-plea-challenging-insolvency-lessor-says-why-the-hurry-11683854461381.html
mint
Go First: NCLAT to hear SMBC Aviation Capital's plea challenging insolvency, lessor says ‘why the hurry…’
SMBC Aviation Capital Ltd, a lessor of the Wadia group firm, told NCLAT that the initiation of insolvency by Go First was a ‘fraudulent exercise’.
As the #GoFirst-led aviation crisis continues, a global aviation leasing watchdog has placed India on a watchlist with a negative outlook.
https://www.livemint.com/news/india/india-placed-on-watchlist-with-negative-outlook-amid-go-first-insolvency-row-nclt-hearing-to-resume-on-monday-11683888927855.html
https://www.livemint.com/news/india/india-placed-on-watchlist-with-negative-outlook-amid-go-first-insolvency-row-nclt-hearing-to-resume-on-monday-11683888927855.html
mint
India placed on watchlist with negative outlook amid Go First insolvency row; NCLT hearing to resume on Monday
An UK-based aviation leasing watchdog has issued a warning to India over plane repossessions
With prolonged cancellation of flights by cash-strapped #GoFirst, other Indian airlines are seizing the opportunity by adding new flights.
https://www.livemint.com/companies/news/go-first-bankruptcy-rival-airlines-air-india-indigo-increases-flights-frequencies-11684119465872.html
https://www.livemint.com/companies/news/go-first-bankruptcy-rival-airlines-air-india-indigo-increases-flights-frequencies-11684119465872.html
mint
Go First bankruptcy: Rival airlines Air India, IndiGo increase flights frequencies
Air India, Vistara and IndiGo have increased the flight frequencies on several busy routes to fill the vacuum left by Go First
#GoFirst airlines has informed Directorate General of Civil Aviation (#DGCA) that they do not have a ‘definite timeline’ yet on the resumption of operations.
Read here: https://www.livemint.com/news/india/go-first-airline-says-no-definite-timeline-for-resumption-of-operations-informs-dgca-11684845271399.html
Read here: https://www.livemint.com/news/india/go-first-airline-says-no-definite-timeline-for-resumption-of-operations-informs-dgca-11684845271399.html
#GoFirst on Friday announced that all their flights remain suspended till 28 May.
https://www.livemint.com/companies/news/go-first-crisis-airline-extends-flight-suspension-till-28-may-11685090165220.html
https://www.livemint.com/companies/news/go-first-crisis-airline-extends-flight-suspension-till-28-may-11685090165220.html
mint
Go First crisis: Airline extends flight suspension till 28 May
Go First's announcement comes a day after aviation watchdog DGCA asked the cash-strapped airline to submit a comprehensive plan for the revival of its operations, including details about the availability of operational planes and pilots, within 30 days
Cash-trapped #GoFirst on Wednesday has submitted its revival plan to civil aviation regulator Directorate General of Civil Aviation proposing to restart operations at the earliest possible, according to news report.
https://www.livemint.com/companies/news/go-first-submits-revival-plans-to-dgca-resume-operations-with-26-flights-report-11687967999761.html
https://www.livemint.com/companies/news/go-first-submits-revival-plans-to-dgca-resume-operations-with-26-flights-report-11687967999761.html
mint
Go First submits revival plans to DGCA, resume operations with 26 flights: Report
GoFirst airline's resolution professional Shailesh Ajmera, along with former CEO Kaushik Kona met with DGCA officials and discuss the revival plan
The Delhi high court, in an interim order, directed DGCA & airport authorities to allow #GoFirst’s lessors’ representatives and officers to inspect the 30 parked aircraft within the next three days.
https://www.livemint.com/companies/hc-allows-go-first-lessors-to-inspect-aircraft-11688581795190.html
https://www.livemint.com/companies/hc-allows-go-first-lessors-to-inspect-aircraft-11688581795190.html
mint
HC allows Go First lessors to inspect aircraft
The high court also prohibited Go First and its agents from removing any components or operational and manual documents from any of the 30 aircraft
Budget airline #GoFirst has invited investor interest through a court-appointed administrator as part of its ongoing insolvency, with the Wadia Group expected to participate in the process.
https://www.livemint.com/companies/news/go-first-airline-seeks-investor-interest-as-part-of-insolvency-process-11688980881037.html
https://www.livemint.com/companies/news/go-first-airline-seeks-investor-interest-as-part-of-insolvency-process-11688980881037.html
mint
Go First airline seeks investor interest as part of insolvency process
Budget airline Go First has invited investor interest through a court-appointed administrator as part of its ongoing insolvency, with the Wadia Group expected to participate in the process
The Wadia group-owned #GoFirst 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.
https://www.livemint.com/companies/news/go-first-approaches-nclt-to-refund-for-cancelled-tickets-11690718766638.html
https://www.livemint.com/companies/news/go-first-approaches-nclt-to-refund-for-cancelled-tickets-11690718766638.html
mint
Go First approaches NCLT to refund for cancelled tickets
The application is scheduled to be heard by the Delhi bench of NCLT on Monday
#GoFirst & #JetAirways, the cash-strapped airlines have lost their airline codes ‘G8 and 9W’ assigned by the International Air Transport Association (IATA) for being non-operational.
Read here: https://www.livemint.com/companies/news/cashstrapped-go-first-and-jet-airways-lose-airline-codes-for-being-non-operational-report-11693718128479.html
Read here: https://www.livemint.com/companies/news/cashstrapped-go-first-and-jet-airways-lose-airline-codes-for-being-non-operational-report-11693718128479.html
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#JindalPower will not proceed with its bid to take over stressed domestic carrier #GoFirst, a report said, citing sources who are privy to the development.
https://www.livemint.com/companies/news/jindal-power-not-to-proceed-with-go-first-takeover-bid-says-report-deadline-ends-today-11700558344559.html
https://www.livemint.com/companies/news/jindal-power-not-to-proceed-with-go-first-takeover-bid-says-report-deadline-ends-today-11700558344559.html
mint
Jindal Power not to proceed with Go First takeover bid, says report; deadline ends today
While Jindal Power's expression of interest was accepted by Go First's creditors, the company has decided not to follow through after evaluating the airline's financial statements, the report said.
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#SpiceJet's chairman Ajay Singh, alongside Busy Bee Airways, has submitted a bid for #GoFirst.
The collaboration aims to enhance cost management, boost revenue, and create a formidable market presence.
Read here: https://www.read.ht/Ryhd
The collaboration aims to enhance cost management, boost revenue, and create a formidable market presence.
Read here: https://www.read.ht/Ryhd
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