Delhi HC directs Go First to provide lessors with essential documents within 14 daysThe Delhi High Court has ordered Go First's Resolution Professional (RP) to provide essential documents of the aircraft to the lessors with...
12 Oct, 2023, 03.19 PM IST
Go First says airline's revival could be derailed by lessors' demandsGo First, the grounded Indian airline, may face further obstacles in its revival as aircraft lessors demand certain records pertaining to m...
22 Sep, 2023, 12.43 PM IST
Go First resolution professional approaches NCLT seeking permission for refund of cancelled ticketsGo First has approached the National Company Law Tribunal (NCLT) seeking permission to refund money to passengers who had booked their tick...
30 Jul, 2023, 04.37 PM IST
Delhi HC permits cash-strapped Go First to carry out maintenance of leased aircraftThe DGCA counsel had earlier said under the applicable framework, only Go First was authorised to look after the day-to-day maintenance of ...
12 Jul, 2023, 06.21 PM IST
NCLAT upholds Go First bankruptcy proceedings in a setback to lessorsAn Indian appeals tribunal on Monday upheld the insolvency proceedings against cash-strapped airline Go First in a setback to efforts of it...
22 May, 2023, 03.52 PM IST
AWG's warning to India is to influence NCLAT ahead of hearing: Wadia GroupAWG should focus on ensuring that its own members abide by international arbitration awards rather than issuing threatening watch list noti...
15 May, 2023, 07.37 AM IST
Go First's insolvency flight leaves trail of concerns for aircraft lessorsCurrently, Indian carriers have around 700 planes and some of them, including Air India, are expanding their fleet. Most of the commercial ...
14 May, 2023, 10.45 PM IST
India has huge sales potential, says BoeingEarlier this year, Boeing projected that India will require around 2,210 new planes in the next two decades and out of them, 1,983 units wi...
12 May, 2023, 01.38 PM IST
Aviation leasing watchdog issues warning to India over plane repossessionsThe move from the Aviation Working Group (AWG), a UK-based entity that monitors leasing and financing laws on behalf of planemakers and les...
12 May, 2023, 01.34 PM IST
'Risky jurisdiction': Aircraft lessors raise alarm over Go First crisis in IndiaSMBC, along with firms such as Jackson Square Aviation and Bank of China Aviation, raised the alarm after a tribunal gave Go Airlines (Indi...
12 May, 2023, 07.40 AM IST
No plans to file for insolvency, says SpiceJet CMD Ajay SinghAjay Singh, chairman and managing director of SpiceJet, also said the airline has started the process of reviving its grounded fleet by “us...
12 May, 2023, 12.27 AM IST
With NCLT order, lessors will not be able to take back Go First aircraftGo First, formerly known as GoAir, is relieved as the National Company Law Tribunal's (NCLT) ruling prohibits owners or lessors from recove...
10 May, 2023, 07.21 PM IST
Go First lessors queue up to stitch deals with Air India, Vistara & IndiGoGo Airlines has filed a petition with the National Company Law Tribunal (NCLT) for voluntary insolvency. The court is expected to pass an o...
10 May, 2023, 12.12 PM IST
India to decide on Go First bankruptcy, lessors seeking planes fear impactGo Airlines (India), recently rebranded as Go First and the country's fourth-largest carrier, will learn its fate on Wednesday in a bankrup...
10 May, 2023, 08.31 AM IST
DGCA issues show cause notice to Go First, asks co to stop selling tickets"In view of the sudden cancellation of flights and initiation of corporate insolvency resolution process under IBC by Go Airlines (India) L...
08 May, 2023, 05.15 PM IST
Air India seeks lessor jet delivery financing after record orderAircraft lessors are expected to play a significant role in financing the Tata-owned airline's aircraft spending spree, worth an estimated ...
20 Mar, 2023, 09.30 PM IST
Airlines like IndiGo, Air India, GoAir in a fix as lessors seek long-term agreementSale and leaseback — wherein an airline sells its plane to a lessor at a premium and leases it back — is a common strategy adopted by airli...
23 Feb, 2015, 10.02 AM IST