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Go First's resolution professional, who conducts the bankruptcy process, Singh and Spicejet did not respond to emails seeking comment.

Bankrupt Indian airline Go First gets two financial bids, say bankers

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

A two-member NCLAT bench on Thursday disposed of the plea filed by the aircraft lessor for inspection.

NCLAT allows Go First's airplane lessor Jackson Square Aviation to inspect planes 

Go First and many of its foreign lessors have been locked in a legal dispute for months after the airline was granted bankruptcy protection in India in May.

Fan blades, engine parts go missing from Go First jets, lessor says

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'

Go First flights can start from next week, first charter, then normal flights can start

Go First Airlines To Resume: Go First Airlines Set to Take Flight Next Week

Go First flight resumption plan:&nbsp;Go First may resume scheduled flight operations on the availability of interim funding and approval of flights scheduled by DGCA, the release said.

Go First receives lifeline, DGCA approves airline's flight resumption plan with certain conditions 

DGCA analysing special audit report of grounded Go First airline, says official

GoFirst facing financial crisis is now ready to be sold, Resolution professional called for EoI, know full details in this video

Is GoFirst facing financial crisis?

&nbsp;

Accordingly, DGCA has advised the airline on 24.05.2023 to submit, within a period of 30 days, a comprehensive restructuring/revival plan for a sustainable revival of operations.&nbsp;

Go First seeks more time from the aviation regulator to prepare a restructuring plan

Go First Crisis:&nbsp;Boeing India President Salil Gupte said it is "never a positive" when an airline runs into financial challenges because it takes a toll on the management, employees, all stakeholders and also puts a strain on the overall transport infrastructure.

Go First crisis will not change Indian aviation's growth trajectory: Boeing

 After filing for insolvency, Go First Airways is set to resume flights with a smaller operation starting from May 24th. The airline recently cancelled all its flights until May 19th and is set to undergo a voluntary insolvency resolution process. The current management is to be replaced by a court-appointed resolution professional.

Go First Airways set to restart operations soon after insolvency filing: Watch to know more

"... Due to operational reasons, Go First flights scheduled till 12th May 2023 have been cancelled," the airline said in a tweet.

Go First cancels all flights till May 12, to refund tickets soon

Go First Airways filed for insolvency resolution proceedings in the National Company Law Tribunal and announced that it will suspend its flight operations from May 3-5. But why did the airline take this drastic step at the time domestic air travel is soaring?

Go First Airways: What went wrong with low-cost carrier?-- Explained

go-first-airline

Go First's resolution professional, who conducts the bankruptcy process, Singh and Spicejet did not respond to emails seeking comment.

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.

A two-member NCLAT bench on Thursday disposed of the plea filed by the aircraft lessor for inspection.

Go First and many of its foreign lessors have been locked in a legal dispute for months after the airline was granted bankruptcy protection in India in May.

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

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Go First Airline

Bankrupt Indian airline Go First gets two financial bids, say bankers

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

NCLAT allows Go First's airplane lessor Jackson Square Aviation to inspect planes

Fan blades, engine parts go missing from Go First jets, lessor says

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

Go First Airlines To Resume: Go First Airlines Set to Take Flight Next Week

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India's emergency alert system suspended temporarily? NDMA issues advisory

Why Elon Musk is being called the world's first trillionaire after SpaceX IPO?

Rs 10,000 monthly RD for 10 years: Post Office or SBI—which gives the bigger maturity amount?

Chhattisgarh receives Rs 9,580 crore investment proposals at Hyderabad investor meet; 7,800 jobs expected

PM Modi embarks on France and Slovakia visit, to attend G7 Summit and hold key bilateral talks

10 tax-free income sources in India: Check list of exempt earnings