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Latest Articles in Go First
Go First, Jet Airways Lose Airline Codes For Being Non-operational
The International Air Transport Association (IATA), a global trade association of airlines, has withdrawn their two-letter designator codes, G8 and 9W, respectively
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Deutsche Bank, Go Airlines Settle Loan Out Of Court
Despite Deutsche Bank's exit, experts told a leading media that they don't anticipate any negative impact on debt resolution or recovery efforts
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Go First Seeks Urgent Rs 100 Cr Funding From Lenders To Meet Essential Obligations
The purpose of this funding is to ensure the airline's survival by addressing its mandatory financial obligations, including insurance
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Go First Operates Handling Flight Post DGCA's Nod To Resume Operations
Handling flights are operated by airlines when aircraft remain grounded for a long. As per DGCA, airlines are mandated to carry out handling flights to ensure that the aircraft are operation ready
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Go First Green-lit To Resume Operations By DGCA Under Certain Conditions
Based on a notification, the DGCA has accepted the proposed resumption plan dated 28 June, subject to the outcome of pending writ petitions before the Delhi High Court and National Company Law Tribunal (NCLT)
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Central Bank Executives Hopeful About Go First Resumption
During an analyst call after announcing Q1 FY24 results, Central Bank executives revealed that the bank's exposure to Go Air amounts to approximately Rs 1,930 crore
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Go First Faces Manpower Challenges In Resumption Plans: DGCA Audit Reveals Pilot Shortage and Staff Exodus
The regulatory audit report stated that the available number of captains, instructors, engineers, and flight dispatchers is insufficient for the proposed scale of operations
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Singapore Court Directs Pratt & Whitney To Deliver Engines To Go First
The court also stated that in the event of Go First being forced into liquidation proceedings, PW would be given the highest priority for repayment
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Go First Extends Cancellation Of Its Scheduled Flights Till 10 July
The airline, undergoing insolvency resolution before the National Company Law Tribunal, stopped its service on 3 May and since then has extended the cancellation of flights multiple times
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DGCA To Conduct Special Audit Of Go First
The scheduled special audit from 4-6 July will primarily focus on safety-related aspects and ensure the airline continues to meet the requirements to hold an Air Operator Certificate
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Go First Lenders Approve $55 Million Fund Injection To Revive Airlines
Go First obtained bankruptcy protection on 10 May, and it was reported by Reuters last week that the airline has requested additional funds of four to six billion rupees from banks
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Go First Is Looking For Up To $122 Mn In New Funding: Report
The airline is asking for between Rs 400 lakh crore and Rs 600 lakh crore in additional funds, the sources said, with lenders expected to evaluate proposals in the next 48 hours
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Go First Extends Flight Cancellations Till June 22
There were reports that the grounding of the Go First flights had put pressure on airfares, particularly on select routes where the now-grounded airline had its footprint.
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Lenders Of Go First Choose EY-backed Ajmera As Resolution Professional
The announcement was made during a Friday meeting of the Committee of Creditors for Go First
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NCLT Accepts Delhivery's Notice Declaring Go First's Insolvency As Fraudulent And Malicious: Report
Delhivery's counsel has stated that Go First, an airline owned by the Wadia group, received a payment of Rs 57 lakh on 2 May as an advance for future services, despite knowing that they were planning to file for insolvency
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