Go First lessors' plea to de-register planes on hold: DGCA
DGCA has not rejected lessors' de-registration requests
go first insolvency
May 2023
Go First has 'no rights' over engines: Pratt & Whitney tells Delaware Court
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 lessors face setback as NCLAT upholds insolvency proceedings
Lessors have sought de-registration of 44 aircraft operated by Go First.
Go First lessor SMBC challenges NCLT order; seeks stay on moratorium
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
Indian aviation: Is more trouble in store after Go First bankruptcy?
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.
NCLT admits Go First insolvency plea, moratorium kicks in
Go First had filed for insolvency with Delhi bench of NCLT citing operational losses caused due to ever-increasing failure of Pratt & Whitney engines that power its fleet.
Relief to Go First as NCLT admits insolvency plea
NCLT orders the initiation of the CIRP and the appointment of a resolution professional; Go First cancels flights until May 19, 2023
Go First seeks urgent NCLT order as lessors plan to take back aircraft
Lawyers representing cash-strapped Go First told the tribunal to urgently pass an order on its plea.
Amid GoFirst insolvency, SpiceJet to borrow ₹400 cr to revive 25 grounded planes
SpiceJet says funds for the revival will be drawn from the government’s Emergency Credit Line Guarantee Scheme and better cash accruals
