The Kingfisher Airlines fiasco resumes haunting its owner and employees even a decade later. An Indian airline has gone from promising 5-star service to passengers to operating out of funds to pay its employees. Its owner, Vijay Mallya, who is now in the UK, is often in the information at court trials, and every time a new sentence is declared, he scratches the wounds of several former workers who are still waiting for their dues to be paid.
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Kingfisher Airlines began operations in 2003. United Breweries Group, located in Bengaluru, owned it. Know more here
Directorate General for Civil Aviation (DGCA) has issued the Air Operator’s Certificate (AOC) to the newly established airline FLY91 (IC)
Pieter Elbers, the CEO of IndiGo (6E), Asia’s largest airline and the eighth largest globally, is currently thriving with four consecutive quarters of profits while many other airlines are facing challenges or contemplating bankruptcy.
Fly91 is set to operate on both Udan and non-Udan routes, connecting tier II and III cities.
A resolution professional overseeing the insolvency process for Go First (G8) has initiated the next phase by inviting an Expression of Interest (EOI) for the sale of the carrier, as reported in an advertisement in ET on Monday.
Tata group-owned Air India (AI) and Vistara (UK) have informed the Competition Commission of India (CCI) that their merger will not negatively affect competition in the aviation sector.
MUMBAI- Cash-strapped airline Go First (G8) has submitted its revival plan to the Directorate General of Civil Aviation (DGCA), proposing a swift resumption of operations, as per reports.
Go First (G8), a financially strained budget airline, has requested additional funding of Rs 400-600 crore from its lenders to revive its operations.
Go First (G8), has once again extended the flight cancellations till June 25, and it will not restart operations until DGCA and MoCA give it permission to do so.