Journalism of Courage
Insolvency
INSOLVENCY NEWS
Go First extends flights cancellation till August 18
August 16, 2023 1:02 pm
Go First has not flown since May 3, as the Wadia group airline filed for voluntary insolvency with the NCLT on May 2
DGCA gives nod to Go First flight resumption plan, but with riders
July 22, 2023 12:03 am
The acceptance of the resumption plan by the DGCA takes Go First one step closer to restarting operations.
Go First insolvency: Resolution professional seeks EoIs from prospective bidders till Aug 9
July 10, 2023 10:04 pm
The final list of prospective resolution applicants will be declared on August 19, according to the public notice issued by the resolution professional Shailendra Ajmera.
Go First extends suspension of flights till Sunday
June 21, 2023 1:53 pm
The Wadia Group-owned airline, which is currently undergoing insolvency proceedings, stopped flying on May 3.
Go First extends suspension of flights till June 22
June 19, 2023 1:36 pm
In a tweet, cash-strapped Go First said, "Due to operational reasons, Go First flights until 22nd June 2023 are cancelled."
Express View on the Insolvency and Bankruptcy Code: Changes are needed to ensure its smooth functioning
May 17, 2023 10:02 pm
The guiding principle should be to cut down the delays in the process and increase the efficiency and effectiveness of the Code
Go First backs emergency arbitration in Pratt & Whitney dispute
May 16, 2023 9:10 am
Go First has blamed Raytheon Technologies-owned Pratt & Whitney for its financial woes and recent bankruptcy filing, arguing that the US firm supplied "faulty" engines and failed to replace them on time, resulting in the grounding of half of its fleet.
Lenders may mark Go First as NPA this qtr
May 12, 2023 3:45 am
Two more lessors move NCLAT against airline’s insolvency proceedings.
Go First CEO says NCLT order on insolvency plea is landmark, historic
May 10, 2023 12:51 pm
"This is a historic and landmark judgement. It is also a perfect example "in the context of revival of a viable business before it becomes unviable," Go First CEO Kaushik Khona said.
Go First bankruptcy: Airline asks NCLT to urgently pass order on insolvency plea
May 08, 2023 12:16 pm
Go First asked NCLT to pass an order citing to lessors' efforts to take back planes.
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