SpiceJet shares soar 9%; here's why
The budget airline's stock soared 9% in intraday trade today to hit a high of ₹58.30 on the BSE.
The budget airline's stock soared 9% in intraday trade today to hit a high of ₹58.30 on the BSE.
DGCA has not rejected lessors' de-registration requests
One player going bust makes bankers, lessors, vendors and all other stakeholders wary as the Indian aviation space is getting a reputation for frequent airline failures.
Go First had filed for insolvency with Delhi bench of NCLT citing operational losses caused due to ever-increasing failure of Pratt & Whitney engines that power its fleet.
The Wadia group-owned Go First moved to the NCLT on Tuesday, seeking voluntary insolvency resolution proceedings.
Airfares are likely to burn a bigger hole in flyers' pockets.
Passengers who had booked Go First flights took to social media to complain that their flights have been cancelled without prior notice.
Gen. V. K. Singh (retd) says 8 accidents involving Air India Express, SpiceJet, IndiGo, and Vistara were reported from 2019 to July 22, 2022
To survive the new aviation landscape post Air India sale, the smaller airlines have no option but to reinvent themselves.
As the Wadia family rift widens, Go First (Go Air) gets the septuagenarian to guide it through turbulence.