Page 4 - Go Air
Go First lenders discuss revival plan; appoints new resolution professional
Lenders however have opted for a new resolution professional as Lal was selected by the Go First management
 "Go First lenders discuss revival plan; appoints new resolution professional")
Airbus deliveries shoot up in May, Go First orders fall by 16 units
Airbus delivered 63 aircraft in May, up 34% from the same month last year, bringing its total for the year to 244 jets, the company said on Wednesday, confirming Reuters reports.
 "Airbus deliveries shoot up in May, Go First orders fall by 16 units")
Go First insolvency: NCLT issues notice in plea by Jackson Aviation
The tribunal directed the insolvency resolution professional (IRP) to file the response within a week
Go First's IRP submits 6-month revival plan to DGCA; check details
Go First's revival plan has also received support from 15 of the 20 major travel agents in regard to its ticketing services
HC reserves order on plea by Go First's lessors seeking release of aircraft
Justice Tara Vitasta Ganju of Delhi High Court heard the arguments till 6 pm on Thursday and reserved the order
HC seeks govt's response on plea challenging animal birth control rules
From seeking Centre's response on a plea challenging the animal birth control rules 2023, to hearing DGCA's plea, here are important cases heard by the Delhi HC
 "HC seeks govt's response on plea challenging animal birth control rules")
Application to terminate leases of Go First's lessors not rejected: DGCA
The lessors of Go First had moved the high court against the DGCA, seeking to deregister their aircraft leased to Go First. This was shortly after the NCLAT upheld the NCLT order on May 22
Returning aircraft to lessors will render Go First 'dead': NCLT's IRP to HC
From denying bail to Manish Sisodia in the excise policy case to hearing a plea of the bankrupt Go First, here are important cases heard by the Delhi High Court today
 "Returning aircraft to lessors will render Go First 'dead': NCLT's IRP to HC")
As Go First seeks to plug exit, 200 pilots accept Air India's job offer
Go First CEO announces retention allowance and longevity bonus
 "As Go First seeks to plug exit, 200 pilots accept Air India's job offer")
Bombay Burmah makes Rs 1,866-crore provisions for Go First exposure
The company owns 33% stake in GoAir Airlines Ltd, which operates "Go First" airline, while the rest is held by unlisted holding companies of the Wadia group
 "Bombay Burmah makes Rs 1,866-crore provisions for Go First exposure")
'No definite timeline for resuming operations', Go First tells DGCA
Go First stopped its operations on May 3 and announced the cancellation of flights for May 4 and May 5
 "'No definite timeline for resuming operations', Go First tells DGCA")
Go First insolvency: NCLAT rules in favour of airline, upholds NCLT order
Some lessors are likely to approach NCLT for relief, said a lawyer privy to the matter
NCLAT upholds NCLT order admitting Go First's plea for voluntary insolvency
The National Company Law Appellate Tribunal (NCLAT) on Monday upheld an NCLT order allowing crisis-hit Go First's voluntary insolvency resolution proceedings. A two-member NCLAT bench asked several aircraft lessors of Go First opposing insolvency, to approach National Company Law Tribunal (NCLT) for any remedy. "The order dated May 10, 2023 allowing insolvency is upheld," said the NCLAT bench headed by Chairperson Justice Ashok Bhushan. The direction came on a batch of four petitions filed by aircraft lessors opposing Go First's insolvency proceedings. The lessors are SMBC Aviation Capital Ltd, GY Aviation, SFV Aircraft Holdings and Engine Leasing Finance BV (ELFC).
Banks tighten rules around lending money to airlines after Go Air crisis
Repeated company failures dent the entire aviation industry's creditworthiness, the chief financial officer of an airline said
 "Banks tighten rules around lending money to airlines after Go Air crisis")
With Go First gone, rivals Air India, IndiGo, others ramp up flights
The government of India has also allotted cash-strapped Go First slots after representations that airports will lose money if they are not utilised
Govt may expedite Bill that assures lessors on repossession of aircraft
NCLT had on May 10 barred lessors from repossessing their planes from insolvent Go First
Top headlines: Go First blames lessors, Vedanta balance sheet in stress
Business Standard brings you top news at this hour
Lobbying by lessors, faulty Pratt & Whitney engines hurt India: Go First
Blames American firm for heavy losses, targets AWG
 "Lobbying by lessors, faulty Pratt & Whitney engines hurt India: Go First")
Lessors seek status quo on aircraft, NCLAT to hear matter on Monday
This means that nobody would be able to touch the aircraft for any work until a final order is passed by the Tribunal. The next hearing is on Monday
After Go First exit, Air India CEO planning to 'quickly' increase flights
Aviation analytics firm says Air India may be able to boost domestic flights if 17 of its grounded planes are brought back to service soon
 "After Go First exit, Air India CEO planning to 'quickly' increase flights")
