Go First

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.

Go First has attracted interest from various parties, including Malaysia Airlines (MH), Europe’s easyJet (U2), and U.S.-based Spirit Airlines (NK)

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.

The challenges for grounded airlines Go First and Jet Airways continue escalating as both airline’s IATA code were revoked due to their non-operational status.

Go First (G8), had a hard time this week as Lessors were allowed to inspect its aircraft engines, failed talks with Delhivery, and more employees resigned from the airline.