HISTORICAL FACTS: Go first - Caught on Camera

Expensive flights, struggling airlines: Why India's airfare crisis has no easy fix for passengers

India's proposed new airfare framework would require airlines to submit fare structures to the DGCA a month in advance, amid festive-season fare spikes of up to 68% on major domestic routes. Rising fuel costs, limited capacity and airline failures complicate efforts to protect passengers from steep price increases.

The Economic Times · Oct 19

DGCA deregisters all 54 Go First aircraft following HC order

DGCA deregisters all 54 Go First aircraft following Delhi High Court order, marking a year since voluntary insolvency announcement.

The Hindu · May 1, 2024

De-register and allow export of all Go First aircraft: Delhi HC to DGCA

Delhi High Court orders DGCA to deregister Go First's fleet, facilitating export, amid ongoing insolvency resolution process.

The Hindu · Apr 26, 2024

SpiceJet says interested in buying bankrupt Go First

In a regulatory filing, SpiceJet said it “has expressed interest with the resolution professional of Go First and wish to submit an offer post diligence, with a view to creating a strong and viable airline in a possible combination with SpiceJet”.

The Hindu · Dec 19, 2023

Go First CEO Khona exits airline, laments 6-month salary dues

Go First CEO Kaushik Khona announced his exit after airline entered insolvency due to fund crunch blamed on engine failures. Salaries unpaid for six months despite requests. Resolution Professional unable to find bidder. NCLT granted 90-day extension for CIRP, failing which airline will be liquidated. Jindal Power submitted EOI but…

The Hindu · Nov 30, 2023

With Go First shut, future of trainee pilots hangs in balance

Trainee pilots pay hefty fees for training, only to be left in limbo when airline shuts down. Abhishek Chaturvedi and Abhik Majumdar are among 34 trainees affected, who have written to the Minister for Civil Aviation seeking help. Priyank Gupta, who left his family business to pursue his passion, is…

The Hindu · Nov 24, 2023

Moratorium under IBC to exempt aircraft and engines, govt. notifies

In a big relief for aircraft lessors, the government has amended the Insolvency and Bankruptcy Code 2016 to state that protections granted under a moratorium to a corporate debtor from recovery of dues will not cover aircraft, helicopters and engines.

The Hindu · Oct 4, 2023

Go First cancels all flights till Sep 10 due to operational reasons

Go First Airways cancelled all its flights scheduled till September 10 due to operational reasons, the airline said in a statement on Tuesday. Read further on Dynamite News:

Dynamite News · Sep 5, 2023

Bids invited by resolution professional for sale of Go First

Go First’s Resolution Professional has invited an expression of interest from investors and buyers in the airline.

The Hindu · Jul 10, 2023

Fewer seats the reason for soaring airfares this summer

India’s sick airlines have removed capacity or aircraft seats from the market faster than the speed at which their successful competitors have added them, forcing passengers to pay higher airfares this summer.

The Hindu · Jul 1, 2023