DGCA allows Go First to resume flights with riders
DGCA says Go First must subject “every aircraft to a satisfactory handling flight prior to deployment for flight operations"
DGCA says Go First must subject “every aircraft to a satisfactory handling flight prior to deployment for flight operations"
DGCA has not rejected lessors' de-registration requests
Go First said that Pratt & Whitney's failure to provide engines led to the grounding of close to 50% of its A320 neo fleet and cost the airline ₹10,800 crore in revenues and additional expenses.
Lessors have sought de-registration of 44 aircraft operated by Go First.
Lessor's plea to be heard by NCLAT bench today; to seek stay on insolvency proceedings that restrict lessors from taking back aircraft until moratorium is on
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.
NCLT orders the initiation of the CIRP and the appointment of a resolution professional; Go First cancels flights until May 19, 2023
Lawyers representing cash-strapped Go First told the tribunal to urgently pass an order on its plea.
SpiceJet says funds for the revival will be drawn from the government’s Emergency Credit Line Guarantee Scheme and better cash accruals