On Thursday (July 3, 2023), the Delhi High Court ruled that the concept of scheduled maintenance does not encompass the operation of aircraft, and it prohibited the financially distressed airline Go First (G8) from discontinuing maintenance flights.
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On Monday (July 31, 2023), the National Company Law Tribunal (NCLT) issued notices to the Committee of Creditors of Go First and the insolvency regulator IBBI regarding a plea to refund ₹ 597.54 crore to approximately 15.5 lakh passengers who had booked tickets for travel on and after May 3.
According to a court filing with the US District Court of Delaware, Go First (G8), the crisis-hit Indian airline, has been denied emergency arbitration in its dispute with Pratt and Whitney, the US engine maker, as reported by news agency Reuters on July 27.
Wadia-owned Indian LCC, Go First (G8) today (25 July 2023), conducted the first test flight since its grounding on May 3 from the Mumbai Airport (BOM).
After a Singapore tribunal’s ruling for Pratt & Whitney (P&W) to provide Go First (G8) with five engines monthly until December, both parties engage in negotiations for a new lease agreement.
Wadia-owned Go First (G8), which has faced a challenging three-month grounding, is set to receive a much-needed boost as it gears up to restart flight services.
As part of the ongoing insolvency proceedings, Go First (G8) has received claims worth Rs 24,000 crore (US$2.9 billion) from both functional and monetary creditors.
The Directorate General of Civil Aviation (DGCA), India’s aviation regulator, has approved Go First (G8) Airlines’ plan to resume operations. However, the acceptance comes with certain conditions, as stated in a notification issued on Friday.
Wadia-owned Go First, the grounded airline since May 3, 2023, has decided to scale down its planned resumption of operations by nearly 30%.
Go First (G8) Airlines carried out the high-power engine ground run at the Delhi International Airport (DEL) yesterday (July 16, 2023).