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GO AIRLINES BANKRUPTCY
SpiceJet funding crunch delays pilot pay, messages show, as it seeks state-backed loanSpiceJet is delaying pilot salaries since March, seeking an emergency government loan to stabilize operations amid rising fuel costs and re...- Middle East conflict fuels airline bankruptcy risks, more mergers likely: IATASoaring jet fuel prices due to Middle East conflict are pushing budget airlines towards bankruptcy and industry consolidation, according to...
- US job growth likely slowed in May, labor market seen stable despite oil shockAmerica's job growth is expected to slow in May after strong previous months. The labor market remains stable. Economists believe the Middl...
- Tata Electronics' $30 billion fab bet; Ather's Q4 revenue surgeTata Electronics CEO Randhir Thakur lays out the group’s big swing in fabs, advanced packaging and more in an interaction with ET. This and...
- Spirit Airlines shutdown flags wider risk for Indian IT firmsSpirit Airlines' closure and soaring jet fuel costs pose challenges for Indian IT services firm Coforge. Analysts warn of wider implication...
- US Government Spirit Airlines Rescue Plan — 5 key points travellers must know after Spirit Airlines shutdownSpirit Airlines has shut down operations. This marks the first airline collapse linked to the Iran war, following a surge in jet fuel price...
- Why did Spirit Airlines fail? Is this the first economic shock of the Iran war— or a missed bailout moment under Trump? The true cost of flying cheap in AmericaWhy did Spirit Airlines fail? First major casualty of the 2026 Iran war fuel shock. The collapse of Spirit Airlines today, May 2, 2026, isn...
- Spirit Airlines shuts down after 34 years; cancels all flights with immediate effect as fuel price surge hits operationsSpirit Airlines has ceased all operations with immediate effect, canceling flights and advising passengers to avoid airports. The decision ...
- Spirit Airlines stops flying with immediate effect: What travelers need to do about bookings and refundsLow-cost carrier Spirit Airlines has shut down operations. All flights are cancelled. The airline cites years of financial struggles and ri...
- Trump weighs Spirit Airlines takeover, eyes resale after oil price drop report saysPresident Donald Trump is exploring a government takeover of Spirit Airlines. The plan involves buying the struggling airline with taxpayer...
- Delhi HC allows lessors' plea seeking deregistration of all 54 Go First aircraft, restrains carrier from flying themThe Delhi High Court grants lessors' request to deregister Go First's 54 aircraft, restricting the airline from operating them and ordering...
- Go First's lenders seek investor bids by Jan 31: SourcesLenders set January 31 deadline for financial bids to acquire Go First airline, which filed for bankruptcy in May. Banks offer suitors a ch...
- Go First lenders to not release more funding to grounded airline: SourcesGo First's lenders, which include the Central Bank of India, Bank of Baroda, IDBI Bank and Deutsche Bank, had in-principally approved fundi...
- U.S. court denies Go First emergency arbitration in Pratt & Whitney disputeGo First, had in May sought an emergency arbitration to prevent it from going out of business and blamed Raytheon Technologies-owned engine...
- NCLT admits Go Airlines' plea to admit vendor Blue Mushroom Infozone under CIRPA bankruptcy court has allowed Go Airlines (India) Ltd's application to admit one of its vendors Blue Mushroom Infozone under the CIRP.
- Banks play safe on lending to airlines after Go Air bumpCredit worthiness of the sector was improving after Tata Group increased its presence in the sector acquiring Air India and with strong per...
- Go First will need to raise funds, resolution professional tells staffGo Airlines (India) will need to raise funds to revive the bankrupt company amid plans to keep it as a going concern, the recently appointe...
- Bankruptcy court admits voluntary insolvency application of Wadia group-owned Go AirlinesSenior Counsel P Nagesh, while appearing for the budget airline, made an oral request on Monday to the principal bench of the National Comp...
- 'Go's First move could give it some control over its fate'The voluntary insolvency will not only give the company a moratorium on loan repayments, it will also allow the company to control the inso...
- Jet, Kingfisher, and more: Indian airlines that crashlanded like Go FirstLow-cost carrier Go First on May 2 filed for bankruptcy and suspended its flight operations for the next three days — May 3,4, and 5 — on t...
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