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EXPLAINED: 2 | Vintage Vibes

Go First insolvency: NCLAT to pass order on aircraft lessors' petitions on May 22

The National Company Law Appellate Tribunal will pass its order on May 22 on petitions filed by three aircraft lessors against Go First’s voluntary insolvency resolution proceedings.

The Hindu

Go First pilots vexed over DGCA’s one-year notice period rule

With budget airline Go First seeking voluntary insolvency, hundreds of its pilots are jumping ship after months of delayed salaries and other pending dues. But a controversial DGCA rule that mandates a one-year notice period has left cockpit crew furious and helpless.

The Hindu

Aviation leasing watchdog puts India on watchlist after NCLT’s GoFirst order, assigns negative country ‘negative’ outlook

India has been placed on global aviation leasing watchdog’s watchlist, assigning it “negative” outlook following the National Company Law Tribunal’s (NCLT) order restricting bankrupt airline Go First’s lessors from repossessing planes while it is undergoing insolvency process.

The Hindu

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Go First must raise funds to keep it a going concern, IRP Lal tells airline’s staff

‘Promoters remain interested in the business’

The Hindu

SpiceJet says no plans to file for insolvency

Indian low-cost carrier SpiceJet said it had no plans to file for insolvency, quelling fears of a spillover from rival Go Airlines‘ voluntary bankruptcy admission.

The Hindu

India's Go First airline gains bankruptcy protection

NEW DELHI: An Indian tribunal on Wednesday granted bankruptcy protection to Go Airlines (India) Ltd, a move that will help the country's fourth-largest carrier attempt to revive itself but complicate foreign lessors' efforts to repossess their planes.

Bangkok Post

NCLT admits Go First’s insolvency plea, grants moratorium

go first insolvency plea admitted

The Hindu

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DGCA orders Go First to stop selling air tickets with immediate effect

The Directorate General of Civil Aviation (DGCA) on May 8 ordered crisis-hit airline GoFirst to stop selling air tickets with immediate effect until further instructions.

The Hindu

Symptomatic stall: On the Go First crisis and the aviation industry

The developments in Go First hold a mirror to the aviation industry’s systemic infirmities in India

The Hindu

Lessors seek to take back possession of Go First planes, complicating rescue efforts

MUMBAI: Lessors are seeking to take back possession of at least 20 Airbus SE jets operated by Go Airlines India Ltd, further complicating the insolvent carrier’s attempts to start flying again, even as a local bankruptcy court contemplates whether the company should get any respite.

The Times of India

Morning Digest | Jaishankar discusses LAC stand-off with Chinese Foreign Minister; many killed in Manipur riots on second day of curfew, and more

The Hindu’s Morning Digest brings readers a select list of stories to start the day

The Hindu

And another airline bites the dust

Given the many problems in India’s aviation sector, what is needed is professionals with knowledge to run airlines

The Hindu

Morning Digest | Late night scuffle between wrestlers, Delhi police at Jantar Mantar; Ajay Banga becomes World Bank chief unopposed, and more

The Hindu’s Morning Digest brings readers a select list of stories to start the day

The Hindu

Owner has no plans to exit Go First

BANGALORE: Go First Airlines (India) Ltd owner Wadia Group is completely committed to the airline and had no plans to exit it, the airline's chief executive told Reuters in an interview on Wednesday.

Bangkok Post

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France 24

Federal Reserve hikes interest rates for 10th time, signals pause

The US Federal Reserve has hiked interest rates for the tenth time in a row, bringing the key lending rate to its highest level since 2007. But the central bank has signalled it could pause further rate hikes, as inflation eases and turmoil continues to spread across the American banking…

The Hindu

Go First flights grounded as airline suspends operations

More than 20 flights of beleaguered airline Go First were grounded on Wednesday at the Kempegowda International Airport.

The Hindu

Go First moves NCLT, says total dues to creditors at over ₹11k crore

Go First approached the NCLT on May 3, 2023 and sought the admission of its insolvency plea. It owes creditors ₹11,463 crore, the airline said in its insolvency filing.

The Independent UK

Indian no-frills air carrier Go First files for bankruptcy

Thousands of travelers have been stranded after no-frills Indian air carrier Go First filed for bankruptcy and suspended its flights for three days, starting Wednesday

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The Hindu

Airfares likely to rise as Go First cancellations reduce capacity: TAAI

Bogged down by an acute financial crunch due to grounding of more than half of its fleet amid P&W engine supply woes, Go First has cancelled flights for three days starting May 3

Dynamite News

Go First has lengthy history of missing financial obigations, says Pratt & Whitney official

After Go First filed for bankruptcy blaming jet engine maker Pratt & Whitney (P&W) for grounding half of its fleet, the US aerospace major hit back stating that the budget airline has a "lengthy history of missing its financial obligations." Read further on Dynamite News:

Evening Standard

India Go First flight leaves with more than 50 passengers stranded on Tarmac

One of the abandoned passengers slammed it as the ‘heights of negligence’

The Times of India

DGCA issues show-cause notice to Go First after flight takes off without 55 passengers

NEW DELHI: The Directorate General of Civil Aviation (DGCA) on Tuesday issued a show-cause notice to Go First (erstwhile GoAir) after its Bengaluru-Delhi flight on January 9 took off without 55 passengers.

The Independent UK

Busload of more than 50 passengers left behind on tarmac as Indian flight takes off without them

‘Height of negligence!’ claims abandoned traveller

Dynamite News

Two foreigners offloaded from Mumbai bound-Go First flight for passing "lewd comments" to crew members

Following the incident, the Pilot-in-Command decided to offload them immediately. Both passengers were handed over to the airport security. Read on for details:

The Times of India

Go First flight suffers bird strike in Patna, lands safely

PATNA: Go First flight operating from Bengaluru to Patna on Tuesday experienced a bird strike in mid-air but landed safely in the state capital, with 148 passengers and crew members on board.

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