Page 2 - Go Air

Wadias likely to leave Go First, show no intent to bid for grounded airline

Cash-strapped Go First filed for bankruptcy in May, blaming 'faulty' Pratt & Whitney engines for the grounding of about half its fleet

After Jindal, Jettwings submits expression of interest for Go First

On Wednesday, Naveen Jindal-led Jindal Power Limited (JPL) also submitted an EoI for Go First

Aviation leasing watchdog cuts India's compliance rating amid Go First row

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 planes

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

Dubai Aerospace Enterprise (DAE) Capital and ACG Aircraft Leasing recently sought a Delhi court's intervention by complaining some parts had been allegedly "robbed" or the jets were corroding

Resolution professional questions timing of cos cancelling Go First leases

Engine lessors tell NCLT moratorium for airline doesn't apply; arguments to continue on Sept 22

Go First lessor seeks parts replacement 'robbed' from grounded planes

Go First has been locked in legal disputes with many of its foreign lessors since being granted bankruptcy protection in India in May

For now grounded Go First cannot use two-letter designator code 'G8'

Bankrupt Go First is now not eligible for the two-letter designator code 'G8', with global airlines' grouping IATA blocking the code as the airline has not been flying for the past few months. The International Air Transport Association (IATA), which provides two-letter designator and numeric codes to airlines, has blocked the 'G8' for Go First for a 12-month period, according to an official. IATA assigns the airline designator code to companies to use for reservations, schedules, timetables, telecommunications, ticketing, cargo documentation, legal, tariffs and/or other commercial/traffic purposes, according to IATA website. "One of the requirements for a company to be eligible for an IATA two-letter designator is that the airline needs to be operating. As Go First ceased to operate commercial flights since early May 2023, it is currently not eligible for the IATA two-letter designator," Albert Tjoeng, Head of Corporate Communications at IATA, said in a statement. He said the ...

Go First extends flight cancellation till August 31 from August 27

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

Go First lenders approve Rs 100 crore of CIRP cost with 98% vote

The airline stopped flying on May 3 and approached for initiation of the CIRP against it as it was unable to fly due to technical difficulties faced by the non-availability of engines

NCLAT allows Go First lessor to conduct inspection, modifies NCLT order

Lessors told appellate tribunal each aircraft engine is valued at $15 mn and needs upkeep

NCLT seeks reply from Go First on Delhivery plea as settlement talks fail

Currently, Delhivery and Go First are operating within the period of a further extension, although this has yet to be formalised in writing, according to the plea

SC rejects Go First plea against Delhi HC nod to lessors to access planes

On August 3, the airline had moved to Supreme Court against the Delhi HC's order to allow lessors to inspect the aircraft

Go First insolvency: NCLT directs RP to file details on recent developments

The National Company Law Tribunal (NCLT) on Friday directed the resolution professional of cash-strapped grounded airlines Go First to submit details of the subsequent developments. A two-member bench of NCLT, comprising Mahendra Khandelwal and Rahul P Bhatnagar, directed the resolution professional (RP) to file an additional affidavit in the next 10 days, including the status of the maintenance of the leased aircraft. Moreover, the insolvency tribunal has also asked the RP to file the reply over the pleas filed by three new Go First lessors in two weeks and a rejoinder, if any, by them next week. It has directed to list the matter on September 1 for the next hearing. The three new lessors are - DAE (SY 22) 13 Ireland, EOS Aviation 12 Ireland and Accipiter Investments Aircraft 2 Ltd. Pleadings on the petitions filed by six other lessors have been completed. During the proceeding, Senior Advocate Ramji Srinivasan, representing the RP, informed the tribunal that Go First has approach

Go First moves SC against HC order granting lessors' access to aircraft

lessors informed high court that future aircraft leasing would be jeopardized if DGCA fails to deregister aircraft whose leases they have terminated

Go First can't fly lessors' aircraft as of now, rules Delhi High Court

The Delhi High Court Thursday said scheduled maintenance cannot be understood to include flying of aircraft and restrained crisis-hit Go First airline to continue with maintenance flights. The high court said the resolution professional (RP) appointed under the insolvency law to manage the airline has not been able to show any urgency or any grave imminent threat to the aircraft compelling the RP to fly them suddenly and without any prior notice. Justice Tara Vitasta Ganju, who had on July 28 directed that 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. The high court termed as misconceived the contention of the RP that 2 of the 10 aircraft have been flown by Go Airlines as these were handling flights forming part of the scheduled maintenance activity for an aircraft. The respondent no.9/ RP of Go Airlines has also not been able to show any urgency or any grave ...

Go First looking to raise more funds, resume services with fewer aircraft

Previously, Go Air planned to begin its operations with 26 aircraft by making arrangements for Rs 400-500 crore from its lenders

Go First resolution professional seek NCLT permit for tickets refunds

Go First has approached the National Company Law Tribunal (NCLT) seeking permission to refund money to passengers who had booked their tickets for travel on and after May 3, the day when the cash-strapped airline suspended operations. 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." Applicant here refers to resolution professional and CD refers to corporate debtor or Go First. The application is scheduled to be heard by an NCLT bench comprising Mahendra Khandelwal and Rahul P Bhatnagar on Monday. If permitted by the insolvency tribunal, this would be a significant relief for those air passengers, whose money is stuck with the Go First after the initiation of the Corporate Insolvency Resolution Process (CIRP) against the air carrier. Go First had stopped flying May 3, 2023 and had ..

Go First receive claims worth $2.9 billion from creditors: Reports

Go Airlines, which operated the Go First carrier, filed for bankruptcy protection in May blaming "faulty" Pratt & Whitney engines for the grounding of about half its 54 Airbus A320neos

Go First provides additional information to DGCA post audit, says official

Go First has provided additional information sought by aviation watchdog DGCA following the special audit of its facilities in Delhi and Mumbai, a senior airline said on Wednesday. The official also said the airline has now also decided to recommence operations, subject to regulatory approval, with 15-18 aircraft and 130 flights per day and ramp up to 160 flights per day with 22 aircraft in the subsequent week. However, the plan to have 22 aircraft in the fleet with four in reserve and 160 flights per day post resumption, remains unchanged, the official emphasised. Cash-strapped Go First, which had been flying for more than 17 years, stopped operations on May 3. It is undergoing an insolvency resolution process. "The DGCA after the audit had sought additional information from us, which we have submitted to it. Based on our responses, the regulator had sought some more information for clarity and that information was submitted today... there is nothing to be concerned about, the ...

Go First loan won't cause losses, hopeful about airline: Central Bank execs

State-owned lender maintains close to 60% provision against loans to no-frills airline