Journalism of Courage
AVIATION NEWS - Page 27
Global aviation leasing watchdog issues warning to India after Go First bankruptcy protection
May 12, 2023 13:41 IST
The move from the Aviation Working Group (AWG) could raise leasing costs for Indian airlines and further jolt lessors' confidence in the world's third-largest domestic aviation market.
New India Assurance loses tag of Air India’s ‘lead insurer’ to Tata firmSubscriber Only
May 12, 2023 04:50 IST
The slow-moving Indian aviation insurance market, involving around 700 commercial aircraft, is set to double from Rs 850 crore in 2021-22 soon with Air India and Indigo planning to add more planes in the coming months.
Lenders may mark Go First as NPA this qtrSubscriber Only
May 12, 2023 03:45 IST
Two more lessors move NCLAT against airline’s insolvency proceedings.
SpiceJet says no plans to seek insolvency proceedings; starts process to revive grounded planes
May 11, 2023 15:06 IST
The statement from SpiceJet comes at a time when a lessor has filed an insolvency resolution plea against the airline and crisis-hit rival Go First being admitted for voluntary insolvency resolution proceedings.
Go First CEO says NCLT order on insolvency plea is landmark, historic
May 10, 2023 12:51 IST
"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.
NCLT admits Go First’s plea for insolvency, puts moratoriumSubscriber Only
May 11, 2023 02:43 IST
Go First has sought voluntary insolvency resolution proceedings and interim moratorium.
NCLT to decide on Go First bankruptcy, lessors seeking planes fear impact
May 10, 2023 09:07 IST
If the Indian tribunal admits Go First's plea, it will lead to appointment of a new resolution professional who will take over management to revive the airline run by India's Wadia Group. A decision is expected at 10:30 a.m. (0500 GMT), with Go First widely expected to succeed.
Go First says will respond to DGCA showcause notice in due course
May 9, 2023 19:04 IST
The DGCA has asked Go First to submit its reply within 15 days of the receipt of the show cause notice, and further, a decision on the continuation of its Air Operator's Certificate will be taken on the basis of the reply submitted by it.
Air India gives more time to pilots to accept revised compensation structure
May 9, 2023 11:40 IST
The decision to provide more time to pilots who are yet to sign the new contracts also comes days after Air India organised a town hall meeting with many pilots to discuss their concerns.
DGCA asks Go First to halt ticket sales; sends show cause notice
May 9, 2023 05:28 IST
The counsels requested the tribunal to take an early decision on its plea, saying that lessors have started deregistering the airline's aircraft.
DGCA directs Go First to stop sale of tickets with immediate effect
May 8, 2023 15:59 IST
The aviation regulator also issued a show cause notice to Go First for their failure to continue operations in a safe, efficient, and reliable manner.
Go First bankruptcy: Airline asks NCLT to urgently pass order on insolvency plea
May 8, 2023 12:16 IST
Go First asked NCLT to pass an order citing to lessors' efforts to take back planes.
Go First crisis: NCLT to hear 2 insolvency petitions on Monday
May 6, 2023 05:57 IST
Airline cancels all flights till May 12
Go First cancels all flights till May 12, cites ‘operational reasons’
May 5, 2023 21:56 IST
Earlier the no-frills carrier had cancelled all flights until May 9 and suspended bookings till May 15.
Disheartened Go First pilots rush to Air India’s jobs drive
May 4, 2023 22:41 IST
Reuters spoke with more than a dozen pilots and cabin crew at the Air India programme, which was first announced on Wednesday, and another run by sister company Vistara, all of whom declined to be named as they were still employed by Go First, the country's third-largest airline.
Lessors seek repossession of 20 Go First planes; NCLT reserves insolvency plea order
May 5, 2023 00:38 IST
As per IDERA norms, in cases like lease rental defaults, regulators are required to deregister the aircraft and allow the lessors to repossess them within five working days of a request being filed.
Go First extends flight cancellations till May 9, DGCA asks airline to issue timely refundsSubscriber Only
May 4, 2023 15:02 IST
Embattled Go First announced on Tuesday that it was filing for voluntary insolvency proceedings with the National Company Law Tribunal.
Amid crisis at Go First, Air India and Vistara hold interviews for A320 pilotsSubscriber Only
May 5, 2023 00:42 IST
The two Tata group airlines are in the process of getting merged into a larger full service carrier that will retain the Air India brand. Air India in February placed the largest-ever aircraft order of 470 planes collectively from Airbus and Boeing.
Go First seeks NCLT directions to restrain lessors, DGCA from taking any action
May 4, 2023 10:00 IST
GoFirst's dues towards aircraft lessors is Rs 2,600 crore, according to the plea filed before NCLT.
Tata-owned Air India enters into interline pact with Vistara
May 3, 2023 15:06 IST
An interline arrangement refers to a pact to issue and accept tickets for flights that are operated by the partner airline. When selling an interline ticket, the operating airlines own flight numbers are used.
Go First bankruptcy: Wadia Group has no plans to exit airline, says CEO
May 3, 2023 12:04 IST
Go Airlines (India) Ltd owner Wadia Group was completely committed to the airline and had no plans to exit it, the airline's chief executive said.
Go First bankruptcy: Engine maker Pratt & Whitney hits backSubscriber Only
May 3, 2023 11:57 IST
P&W denied Go First's allegation that engine maker was not honouring an arbitration award related to the engine supply issue.
Go First bankruptcy seen helping rivals, boosting airfares
May 3, 2023 11:40 IST
"If the suspension is prolonged, other airlines that are adding capacity would look to avail the slots vacated by Go First and grab on to the market share," Jefferies analyst Prateek Kumar said in a client note.
Lenders staring at a likely loss of Rs 5,600 crore in Go First
May 3, 2023 09:32 IST
The total bank loan outstanding of the aviation sector amounts to Rs 28,330 crore as of March 2023, according to RBI data.
Go First files for voluntary insolvency proceedings with NCLT, blames US engine maker for woesSubscriber Only
May 2, 2023 21:47 IST
The Directorate General of Civil Aviation has issued a showcause notice to Go First over cancellation of all its flight scheduled for May 3 and 4.
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