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Counsel appearing for the RP informed the tribunal that they were seeking this extension owing to an extraordinary situation post the Delhi High Court judgment asking DGCA to deregister all of its 54 aircraft.

NCLT gives fourth extension of 60 days to Go First to complete insolvency 

The latest move also comes less than a month after the Delhi High Court allowed lessors to take back 54 planes leased to Go First.

Busy Bee Airways withdraws bid for Go First

The action comes after the court directed the aviation watchdog to process, within five working days, the deregistration applications for aircraft leased by grounded airline Go First, which is undergoing insolvency proceedings.

DGCA deregisters 54 aircraft of Go First - Detail

A two-member bench of the Delhi-based NCLT admitted the plea filed by the resolution professional (RP) of Go First seeking an extension of the timeline to complete the corporate insolvency resolution process (CIRP).

NCLT extends deadline for Go First's insolvency for another 60 days

The second banker said the Committee of Creditors could also consider extending the month-end deadline at the request of a potential suitor.

Go First's lenders seek investor bids by January 31 -sources

An airline's OTP is widely used as a powerful key indicator for airlines and airports and is also a potential service differentiator for marketing the brand to air travellers.

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The SpiceJet board has recently approved and initiated process of raising fresh capital of about US$ 270 million to strengthen its financial position and provide resources to invest in growth plans.

SpiceJet flies to a 52-week high after showing interest in buying Go First

An official said the grounding of the aircraft was due to various reasons, including technical issues and some airlines going into insolvency proceedings.

Delhi airport plans levying higher charges for grounded aircraft 

Budget carrier Go First stopped flying in early May and filed for voluntary bankruptcy proceedings amid financial woes, mainly triggered by engine issues.&nbsp;Last month, Jindal Power had put in an Expression of Interest (EoI) for the bankrupt airline.

Jindal Power scraps plan to bid for bankrupt Go First 

Cash-strapped airline Go First on Thursday announced that it has yet again extended the cancellation of its daily flight till November 30, due to "operational reasons".

Go First cancels all flight operations till November 30

The government's notification to exempt transactions involving aircraft, aircraft engines, and helicopters from the Insolvency and Bankruptcy Code (IBC) comes amid the ongoing insolvency proceedings of Go First, the Wadia Group-owned airline.

Govt changes insolvency rules, makes it easier for lessors to recover planes if airline goes bankrupt

In a notice, Go First airline said: "We regret to inform that due to operational reasons, Go First flights scheduled till 02nd October 2023 have been cancelled. We apologise for the inconvenience caused by the flight cancellations."&nbsp;

Go First airline cancels all flight operations till October 2, hopes to resume bookings soon

The courtroom battle started after Go First was granted bankruptcy protection in May. Under Indian law, that prevented lessors from recovering 50-plus grounded Airbus (AIR.PA) planes.&nbsp;

Aviation leasing watchdog cuts compliance rating amid Go First tussle

Go First has contested lessors demands in its first response in court in the matter, saying it would be a time-consuming process that would hit its revival, legal filings by its bankruptcy officer, Shailendra Ajmera, showed.

Go First says airline's revival could be derailed by lessors' demands

Foreign lessors have been engaged in a legal tussle to repossess their aircraft after Go First was granted bankruptcy protection in May, imposing an asset freeze that blocked the recovery of 50 plus grounded Airbus planes.

Dubai Aerospace flags corrosion in plane leased to bankrupt Go First

The deadline for submitting preliminary interest to bid for insolvent Go Airlines (India) is likely to be extended by another two-to-three weeks amid lack of any such application by suitors, two banking sources told Reuters on Friday.

Go First lenders likely to extend deadline seeking investor interest: Report 

Go First said that the company has filed an application for immediate resolution and revival of operations and is optimistic about resuming bookings shortly.

Go First extends flight cancellations till August 11 citing 'operational reasons'

Justice Tara Vitasta Ganju, who had on July 28 directed that the status quo be maintained in respect of handling/non-revenue flights of the petitioner lessors' aircraft till August 3, extended the interim order till further orders.

Go First can't fly lessors' aircraft as of now: HC

The National Company Law Tribunal (NCLT) on Monday issued notices to the Committee of Creditors of Go First and insolvency regulator IBBI over a plea to refund Rs 597.54 crore to around 15.5 lakh passengers who booked tickets for travel on and after May 3.

Go First to return Rs 597 crore to around 15.5 lakh passengers, NCLT issues notice to CoC & IBBI

The Resolution professional of Go First has filed a new application before the Delhi bench of NCLT, requesting "to permit the applicant/CD to make payment of refund to passengers of the CD whose airline tickets have been cancelled since May 3, 2023."

Go First approaches NCLT seeking permission for refund of cancelled tickets

go-first

Counsel appearing for the RP informed the tribunal that they were seeking this extension owing to an extraordinary situation post the Delhi High Court judgment asking DGCA to deregister all of its 54 aircraft.

The latest move also comes less than a month after the Delhi High Court allowed lessors to take back 54 planes leased to Go First.

The action comes after the court directed the aviation watchdog to process, within five working days, the deregistration applications for aircraft leased by grounded airline Go First, which is undergoing insolvency proceedings.

A two-member bench of the Delhi-based NCLT admitted the plea filed by the resolution professional (RP) of Go First seeking an extension of the timeline to complete the corporate insolvency resolution process (CIRP).

The second banker said the Committee of Creditors could also consider extending the month-end deadline at the request of a potential suitor.

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Go First

NCLT gives fourth extension of 60 days to Go First to complete insolvency

Busy Bee Airways withdraws bid for Go First

DGCA deregisters 54 aircraft of Go First - Detail

NCLT extends deadline for Go First's insolvency for another 60 days

Go First's lenders seek investor bids by January 31 -sources

Akasa Air tops list of on-time performance flights; know where Air India and Indigo stand

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