Sun, Dec 03, 2023
An official said the grounding of the aircraft was due to various reasons, including technical issues and some airlines going into insolvency proceedings.
Tue, Nov 21, 2023
Budget carrier Go First stopped flying in early May and filed for voluntary bankruptcy proceedings amid financial woes, mainly triggered by engine issues. Last month, Jindal Power had put in an Expression of Interest (EoI) for the bankrupt airline.
Thu, Oct 19, 2023
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".
Wed, Oct 04, 2023
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.
Tue, Sep 26, 2023
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."
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.
Sat, Sep 23, 2023
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.
Fri, Sep 15, 2023
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.
Sat, Sep 09, 2023
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.
Tue, Aug 08, 2023
Go First said that the company has filed an application for immediate resolution and revival of operations and is optimistic about resuming bookings shortly.
Thu, Aug 03, 2023
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.
Mon, Jul 31, 2023
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.
Sun, Jul 30, 2023
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."
Thu, Jul 27, 2023
Go First flights can start from next week, first charter, then normal flights can start
Fri, Jul 21, 2023
Go First flight resumption plan: Go First may resume scheduled flight operations on the availability of interim funding and approval of flights scheduled by DGCA, the release said.
Mon, Jul 10, 2023
GoFirst facing financial crisis is now ready to be sold, Resolution professional called for EoI, know full details in this video
Wed, Jul 05, 2023
Go First Crisis: The Delhi High Court Wednesday allowed crisis-hit Go First's lessors to inspect their aircraft at least twice a month and carry out maintenance.
Thu, Jun 29, 2023
Aviation regulator DGCA will examine documents submitted by Go First related to the revival plan and will also conduct an audit on operational preparedness before allowing the carrier to restart operations, according to sources.
Wed, Jun 28, 2023
IndiGo's stock price has surged more than 28% in 2023 so far after Wadia Group-owned Go First filed for insolvency. The company has also announced a massive order of 500 Airbus Neo family aircraft, the biggest single purchase agreement in aviation history.
Mon, Jun 26, 2023
Share Bazar: The stock market started flat on Monday. Major indices of the market are sluggish due to weak global cues. BSE Sensex has reached the level of 63,000 and Nifty 18,700. Metal and IT stocks are at the forefront of market weakness. Shares of TCS and Adani Enterprises are top losers in Nifty. While Tata Consumer shares climbed 2% to be the top gainer.
After the approval, the respective banks also need to get the go-ahead from their boards. The creditors committee of the airline comprises Central Bank of India, Bank of Baroda, IDBI Bank and Deutsche Bank.
Wed, Jun 21, 2023
Go First Crisis: Crisis-hit airline Go First on Wednesday announced that its scheduled flight operations will remain cancelled till June 25 due to operational reasons.
Tue, Jun 13, 2023
"We acknowledge the flight cancellations might have disrupted your travel plans and we are committed to providing all the assistance we can. A full refund will be issued to the original mode of payment shortly," said the company in a statement.
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