India’s National Company Law Tribunal (NCLT) reversed its order on Go First plea to begin insolvency resolution proceedings. This comes even as the airline extended its flight cancellations till May 9. India’s NCLT reverses plea Go First to start insolvency....
[UPDATE with Pratt & Whitney statement] Go First, the Mumbai-based and third-largest Indian carrier, filed an application with the National Company Law Tribunal (NCLT) Delhi for resolution under section 10 of the Insolvency Bankruptcy Code (IBC). The airline says...
Go First, the low-cost airline promoted by the Wadia Group could either have a new owner or the Wadia group could look at selling a significant stake in the loss-making airline, Economic Times reported on Monday. Go First commenced operations in November 2005. The...
Indian low-cost airline Go First plans to sue Pratt & Whitney’s parent company Raytheon Technologies over compensation for financial damages it suffers from the continuous grounding and repairs of the Geared Turbofan engines on its Airbus A320neo fleet. Go First...
After a long and uncertain period, the future of troubled Air India is now more clear. India’s industrial conglomerate Tata Group through its subsidiary Talace Pvt has become the new and 100-percent owner of Air India, low-cost subsidiary Air India Express, and 50...
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