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The Latest Breaking News from Go First

Another airline filing bankruptcy may find last-minute buyer

Creditors previously said that it "makes no sense to keep pumping in more money" into the airline.

The Street

Bankrupt regional airline to go into liquidation

A bankruptcy court ordered that the bankrupt airline's inventory be sold at auction.

The Street

Bankrupt regional airline begins liquidation process

The Supreme Court said that there is "no choice."

The Street

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Bankrupt regional airline is heading into liquidation sale

A creditor said "it makes no sense to keep pumping in more money" into the airline.

The Street

DGCA deregisters all 54 Go First aircraft following HC order

DGCA deregisters all 54 Go First aircraft following Delhi High Court order, marking a year since voluntary insolvency announcement.

The Hindu

De-register and allow export of all Go First aircraft: Delhi HC to DGCA

Delhi High Court orders DGCA to deregister Go First's fleet, facilitating export, amid ongoing insolvency resolution process.

The Hindu

The travails of becoming a pilot in India

Pilots in India and their travails; trainee pilots have to repay exorbitant loans and wait for long periods

The Hindu

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SpiceJet’s Singh vies with Sky One in bidding for Go First

SpiceJet promoter Ajay Singh and Sky One submit competing bids for bankrupt airline Go First, with potential synergies and improved market position.

The Hindu

With more travellers, planes, airports, 'bullishness' greets slightly clouded-aviation skies

A “bullishness” greets the skies as more passengers are set to step into airports and more aircraft, including A350s, are ready to carry them in expanding routes in 2024

The Hindu

SpiceJet shows interest in Go First

Budget carrier SpiceJet informed the BSE that it has expressed an interest in Go First which is undergoing insolvency resolution under the direction of the National Company Law Tribunal.

The Hindu

SpiceJet says interested in buying bankrupt Go First

In a regulatory filing, SpiceJet said it “has expressed interest with the resolution professional of Go First and wish to submit an offer post diligence, with a view to creating a strong and viable airline in a possible combination with SpiceJet”.

The Hindu

Go First CEO Khona exits airline, laments 6-month salary dues

Go First CEO Kaushik Khona announced his exit after airline entered insolvency due to fund crunch blamed on engine failures. Salaries unpaid for six months despite requests. Resolution Professional unable to find bidder. NCLT granted 90-day extension for CIRP, failing which airline will be liquidated. Jindal Power submitted EOI but…

The Hindu

With Go First shut, future of trainee pilots hangs in balance

Trainee pilots pay hefty fees for training, only to be left in limbo when airline shuts down. Abhishek Chaturvedi and Abhik Majumdar are among 34 trainees affected, who have written to the Minister for Civil Aviation seeking help. Priyank Gupta, who left his family business to pursue his passion, is…

The Hindu

Moratorium under IBC to exempt aircraft and engines, govt. notifies

In a big relief for aircraft lessors, the government has amended the Insolvency and Bankruptcy Code 2016 to state that protections granted under a moratorium to a corporate debtor from recovery of dues will not cover aircraft, helicopters and engines.

The Hindu

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Dynamite News

Go First cancels all flights till Sep 10 due to operational reasons

Go First Airways cancelled all its flights scheduled till September 10 due to operational reasons, the airline said in a statement on Tuesday. Read further on Dynamite News:

The Hindu

Bids invited by resolution professional for sale of Go First

Go First’s Resolution Professional has invited an expression of interest from investors and buyers in the airline.

The Hindu

Fewer seats the reason for soaring airfares this summer

India’s sick airlines have removed capacity or aircraft seats from the market faster than the speed at which their successful competitors have added them, forcing passengers to pay higher airfares this summer.

The Hindu

DGCA to conduct special audit of Go First next week

Airline intends to start with 157 flights on 78 routes

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The Hindu

DGCA to meet Go First RP on revival plan

Go First’s Resolution Professional Shailendra Ajmera will meet the Directorate General of Civil Aviation (DGCA) on Wednesday to discuss the revival plan and seek its nod for resumption of flights after the airline’s creditors approved interim funding.

The Hindu

Go First cancels all flights until June 30

Go First Airline on June 27 yet again announced the cancellation of all its flights until June 30, 2023 due to operational reasons.

The Hindu

Civil Aviation Minister Scindia, Congress leader Venugopal verbal duel over air fares continues

In the ongoing verbal duel between Congress general secretary K.C. Venugopal and Civil Aviation Minister Jyotiraditya Scindia over soaring air fares, Mr. Venugopal, in a fresh rebuttal late on Sunday, said “hard facts and everyday suffering of the middle class cannot be wished away by distorting figures and misrepresenting the…

The Hindu

PM Modi’s claim that people wearing hawai chappal travel by flight is a cruel joke, says Congress

Hitting out at the Narendra Modi government over exorbitant air fares, the Congress said that the Prime Minister’s remarks that people wearing hawai chappals (slippers) can now travel in planes sounds like a “cruel joke”.

The Hindu

India has one of the best airfare regimes; there should be no 'gouging': Akasa Air CEO

India has one of the best airfare regimes in the world, but there should not be “gouging” in terms of ticket prices to take advantage of a particular situation, according to Akasa Air CEO Vinay Dube

The Hindu

Go First now cancels all scheduled flights till June 4

Crisis-hit Go First Airlines on May 30, 2023 informed that its scheduled flight operations will remain cancelled till June 4, adding that a full refund will be issued to the passengers

The Hindu

DGCA asks Go First to submit a revival plan within 30 days

The DGCA has demanded that Go First submit a “comprehensive” revival plan within 30 after the regulator found the airline’s response to its showcause notice dissatisfactory.

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