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.
Search Results: NCLT (102)
On April 5, Air India CEO Campbell Wilson penned annual letter to employees, expressing gratitude for their contributions to the airline’s…
Jet Airways, the National Company Law Appellate Tribunal (NCLAT) affirmed, on March 12, the transfer of ownership of the grounded airline to Jalan Kalrock Consortium (JKC).
Competition and Consumer Commission of Singapore (CCCS) granted conditional approval on Tuesday to the proposed merger between Air India (AI) and Vistara (UK)
Go First Airlines, SpiceJet’s (SG) CMD Ajay Singh and Busy Bee Airways, primarily owned by EaseMyTrip CEO Nishant Pitti, have introduced a rescue plan involving a comprehensive infusion of Rs 1,600 crore into the struggling airline.
People familiar with the situation suggest that Tata Sons is not rushing the merger of the Air India (AI) and Vistara (UK) boards.
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.
GURUGRAM- Rakesh Gangwal, the co-founder and former promoter of IndiGo (6E), is reportedly in advanced talks to acquire a significant stake in the budget airline SpiceJet (SG), according to a report by ET Now.
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.