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CORPORATE AIR BANKRUPTCY
NCLT rejects insolvency plea against Noida Metro Rail Corporation over pre-existing disputesThe National Company Law Tribunal has rejected an insolvency plea against Noida Metro Rail Corporation. The tribunal found genuine disputes...- 12 years of PM Modi: Bold reforms, decisive decisions and political turning pointsAfter 12 years at the helm, Prime Minister Narendra Modi reflects on a transformative journey filled with key reforms that have altered Ind...
- Summer travelers who relied on Spirit Airlines may struggle to find budget alternativesSpirit Airlines has ceased operations, leaving many Americans struggling to find affordable flights. Rising jet fuel costs, inflation, and ...
- Spirit Airlines shutting down: why did Spirit Airlines fail and how to get your refunds right nowSpirit shutting down: Spirit Airlines is shutting down today. Spirit grounded all flights now. Two billion dollars in debt killed the carri...
- JetLite staff seek inclusion in Jet's liquidation processIn a bold move, employees of JetLite have turned to the bankruptcy court, pushing for their outstanding dues to be recognized in the Jet Ai...
- Corporate Air files bankruptcy as fleet shrinks; other airlines face financial troubleCorporate Air, a small American airline, filed for bankruptcy after reducing its fleet to only three planes. The company owes millions and ...
- Go First insolvency case: NCLT asks promoters to file reply on liquidation in 3 weeksThe National Company Law Tribunal (NCLT) has directed the suspended board of Go First to respond within three weeks regarding the liquidati...
- NCLT directs Go First to release four aircraft engines of ELFThe NCLT directed Go First to release four aircraft engines to Engine Lease Finance (ELF) BV, with the resolution professional already init...
- Go First collapse: Flyers to face pain with airfares set to rise by 20%With budget carrier Go First filing for bankruptcy on Monday, airfares on routes where the Wadia Group entity had a significant presence ar...
- Go First bankruptcy effect! Airline stocks rally up to 8%Airline stocks in India rallied up to 8% following the insolvency filing of Go First, with investors expecting consolidation in the industr...
- Amid disruptions over snooping row, govt to prioritise Ordinance replacing Bills this weekWith an unrelenting opposition refusing to allow conduct of business before the Centre addresses allegations of snooping, the government is...
- View: It's time for a green insolvency and bankruptcy codeEnvironmental matters in a post-Covid world are at a centre stage. The EU’s long-term budget, coupled with NextGenerationEU, will be the la...
- DGCA tells NCLT it can't be mandated to give approvals, slots to Jet’s new shareholdersThese include the air operator’s certificate, security clearances, flight slots and bilateral air traffic rights of Jet that have either la...
- America's largest airline LATAM files for US bankruptcy protectionLatin America's largest airline LATAM filed for bankruptcy in the US on Tuesday, the company said in a statement, following a drastic slump...
- NCLT orders insolvency process at low-cost carrier Air CostaAir Costa is the second Indian airline, after Jet Airways, to undergo court-monitored debt resolution process under the Insolvency and Bank...
- ET Awards 2018: ‘Loot and Scoot’ model damaged banks, says Vice-President Venkaiah Naidu“Freebies are not a solution. It is important to improve living conditions, create opportunities, reach the unreached, fund the unfunded an...
- Air France, JAL mull joint venture: ReportAir France-KLM and Japan Airlines are discussing the possibility of joining forces on flights between France and Japan to share costs and r...
- JAL lenders to cave in to bankruptcy plan: SourcesThe main lenders to Japan Airlines plan to accept a restructuring package that would require the carrier to file for bankruptcy, sources sa...
- Reports: JAL could file for bankruptcy on Jan. 19Struggling Japan Airlines Corp. could file for bankruptcy as early as Jan. 19 under a government-backed restructuring plan that includes 13...
- Airlines will merge or go bust as costs surge: AirAsiaBudget carrier AirAsia said Monday that surging fuel prices will force carriers worldwide to merge or face bankruptcy.
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