Delhi High Court has instructed the Director General of Civil Aviation (DGCA) to process Go First, previously known as Go Air, aircraft deregistration applications within five working days, posing a significant setback for the airline.
Search Results: Go First (2114)
These lenders aim for a recovery exceeding ₹2,000 crore for the land, given that the airline is indebted to its creditors for over ₹6,200 crore.
A fourth potential buyer (NS Aviation) has entered the scene for Acquiring Go First, as lenders extend the resolution applicants’ deadline until the end of the month
Lenders of the financially distressed Indian LCC Go First, established by the Wadia family, are reportedly considering a proposal to liquidate the airline.
MUMBAI- Go First CEO Kaushik Khona has resigned approximately seven months after the budget airline initiated insolvency proceedings.
National Company Law Tribunal Extends Go First’s Corporate Insolvency Resolution Process by 90 Days, extending from November 6 to February 4.
Go First intend to legally contest the aviation authority’s interpretation aiming to potentially enabling lessors to repossess planes.
MUMBAI- The deadline has passed for potential buyers to submit Expressions of Interest (EOI) for India’s Go First, and three notable entities, including a prominent local corporation and at least one foreign airline, have reportedly done so before the October 7, 2023, cutoff date.
The potential recovery of the grounded Indian low-cost carrier Go First may encounter obstacles if a court upholds aircraft lessors demands.
The deadline for submitting initial expressions of interest to bid for the financially troubled Go First is expected to be extended by an additional two to three weeks due to the absence of any such applications from potential buyers.