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Latest Articles in Go First
Go First's Insolvency Upheld By NCLAT, Lessors Face Repossession Setback
The appeals tribunal upheld the National Company Law Tribunal's (NCLT) order from 10 May, dismissing the lessors' petition and directed them to file an appeal before the NCLT
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Go First’s Voluntary Insolvency, A Change In Societal Thinking
The government and regulatory authorities need to create awareness about the benefits of the voluntary insolvency framework and provide support to companies that choose to use it
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'Certainly Not Great For Civil Aviation' : Scindia On Go First Crisis
While speaking to reporters, the Aviation Minister stated that although Go First's financial problems pertain to the civil aviation sector, each company is responsible for managing its own issues
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Go First To Resume Operations From 27 May: Report
The airline has conceived a business plan to restart operations with a reduced fleet of 20 aircraft
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Go First Extends Flight Cancellation Till 27 May
The company issued a statement on Wedneday, cited operational reasons
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Air India, IndiGo Increase Flight Frequencies Post Go First Crisis
With Go First's flight cancellations showing no sign of ending, rival airlines have taken the opportunity to add new flights. Air India and IndiGo have increased flight frequencies on routes previously serviced by Go First
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Go First Backs Emergency Arbitration Against Pratt & Whitney
The budget carrier has blamed the engine maker for its financial problems, claiming that it was "forced" to file for bankruptcy due to the engine maker supplying "faulty" engines and not replacing them on time
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Aircraft Lessors Call India A "Risky Jurisdiction" Following Go First NCLT Ruling
The company has warned that this decision will have ripple effects on the markets and could create a crisis of confidence. Additionally, SMBC has referred to India as a risky jurisdiction for aircraft leasing
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Pratt & Whitney Opposes Go First's Push To Enforce Arbitration Against It
The carrier approached the Delaware court after winning an arbitration order in Singapore against the engine company, stating that PW failed to supply engines on time
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NCLT's Go First Ruling Could Hike Lease Rates For Other Airlines: Executives
India's failure to adhere to the Cape Town Convention has already harmed the country's reputation. While Jet Airways' insolvency improved its image slightly, the way the country's systems handled the Go First crisis has worsened it again
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Go First Says NCLT Order On Its Plea For Insolvency Proceedings Is A Historic Ruling
The NCLT court also said, "The suspended directors are also ordered to deposit Rs 5 crore to make the immediate expenses"
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Tata, IndiGo In Talks To Acquire Go First Assets
The largest conglomerate and the the largest airline of India are reportedly in talks to acquire Go First's aircraft fleet
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NCLT To Pronounce Order On Go First’s Insolvency Plea On 10 May
The bench would also decide on Go First's plea seeking an interim moratorium on its financial obligations
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Govt Bailout For Go First Unlikely Until Engine Issue Is Resolved: Deputy Aviation Minister
"The problem with Go Air is that their flights are run on engines of Pratt & Whitney which is facing management issues since after COVID-19... So [engine] manufacturing is not happening at the pace that it should have"
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Go First Goes Into Detail On Engine Failures, Claims 510 Engine Removals Since 2016
In its report, Go First stated that, between 2016 and February 2023, the airline carried out 510 engine removals, 289 of which were a result of 28 different defects, and 221 were engine swaps. It also cited combustor distress as the highest contributor to issues, with 140 engines removals being attributed to this issue alone
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