
Akasa Air: The Boy Who Cried Wolf
The newest player in India's high drama-prone aviation sector experiences its most forgettable week in a little over a year of take-off.
The newest player in India's high drama-prone aviation sector experiences its most forgettable week in a little over a year of take-off.
This is the second time that AWG has cut India's rating and kept the country on a watch list with a negative outlook.
DGCA says Go First must subject “every aircraft to a satisfactory handling flight prior to deployment for flight operations"
DGCA has not rejected lessors' de-registration requests
Go First said that Pratt & Whitney's failure to provide engines led to the grounding of close to 50% of its A320 neo fleet and cost the airline ₹10,800 crore in revenues and additional expenses.
Go First to submit operational details such as functioning aircraft, employees info, and funding arrangements
The airline has currently suspended flight operations till May 26.
Lessors have sought de-registration of 44 aircraft operated by Go First.
Lessor's plea to be heard by NCLAT bench today; to seek stay on insolvency proceedings that restrict lessors from taking back aircraft until moratorium is on
One player going bust makes bankers, lessors, vendors and all other stakeholders wary as the Indian aviation space is getting a reputation for frequent airline failures.