The prospects of Go First, the grounded Indian carrier, got brighter with two of the three potential bidders confirming their bids. Ajay Singh, the promoter of LCC, SpiceJet, and Busy Bee Airways Private Limited (BBAPL) have jointly submitted a bid…
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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 it…
Wadia’s look to sell significant stake or exit Go First
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 considers…