Budget carrier SpiceJet MD Ajay Singh submits bid for bankrupt GoFirst. Company News

Budget carrier SpiceJet MD Ajay Singh submits bid for bankrupt GoFirst.  Company News

Delhi-bound SpiceJet flight made emergency landing at Patna’s Jai Prakash Narayan Airport after mid-air fire (Photo: PTI) Indian budget carrier SpiceJet on Friday said its managing director, Ajay Singh, and Busy Bee Airways have submitted a joint bid for Go First Airlines and it will be the operating partner for its bankrupt rival. SpiceJet, which […]

SpiceJet promoter Ajay Singh, Busy Bee Airways bid for bankrupt GoFirst. Company News

SpiceJet promoter Ajay Singh, Busy Bee Airways bid for bankrupt GoFirst.  Company News

Ajay Singh. Photo: Bloomberg SpiceJet promoter Ajay Singh has submitted a bid in his personal capacity with Busy Bee Airways Pvt Ltd to acquire bankrupt airline Go First, according to a report. ANI, SpiceJet announced that it would act as the operating partner for the new airline, providing staff and services. Expressing interest in acquiring […]

GoFirst CEO Kaushik Khona resigns amid uncertain future of airline

GoFirst CEO Kaushik Khona resigns amid uncertain future of airline

Section 10 deals with voluntary insolvency proceedings under the Insolvency and Bankruptcy Code (IBC). Grounded Go First CEO Kaushik Khona has resigned from his post, nearly seven months after the no-frills airline filed for insolvency proceedings. Khona said in an e-mail to airline employees on Thursday that November 30 is his last day at the […]

GoFirst lenders may extend the deadline keeping in mind the interest of investors

GoFirst lenders may extend the deadline keeping in mind the interest of investors

Two banking sources told Reuters on Friday that the deadline for submission of initial interest to bid for bankrupt Go Airlines (India) is likely to be extended by two to three weeks. The resolution professional of the company that operates GoFirst Carrier had invited investor interest on behalf of creditors in July after the airline […]

GoFirst lessor is seeking replacement of ‘looted’ parts from grounded planes

GoFirst lessor is seeking replacement of ‘looted’ parts from grounded planes

An Ireland-based lessor wants India’s bankrupt GoFirst airline to replace “plundered” parts from its leased jets and allow it to employ round-the-clock security to protect grounded planes, which will be used to retrieve its Airbus planes. The latest addition to the efforts of A September 1 non-public court petition filed in the Delhi High Court, […]

Delhi High Court raps GoFirst RP for not complying with inspection order

Delhi High Court raps GoFirst RP for not complying with inspection order

The Delhi High Court on Friday warned that the resolution professional (RP) of GoFirst would be personally summoned to the court if it does not comply with the court’s order allowing the lessors of the grounded airline to inspect the aircraft. Justice Tara Vitasta Ganju remarked that the photographs of the aircraft “speak for themselves”. […]

GoFirst has extended flight cancellations from August 27 to August 31

GoFirst has extended flight cancellations from August 27 to August 31

Debt-ridden airline GoFirst on Monday announced extension of flight cancellation period till August 31. Earlier it had canceled all flights till 27 August. The announcement was made on the social media platform X, formerly known as Twitter. In a post, the airline said, “Due to operational reasons, GoFirst flights have been canceled till 31 August […]

NCLAT allows inspection to GoFirst lessor, modifies NCLT order

The National Company Law Appellate Tribunal (NCLAT) on Friday allowed Engine Lease Finance BV to inspect four of its engines leased to bankrupt airline GoFirst. NCLAT gave the resolution professional (RP) of the airline 10 days to give the date of inspection to the engine lessee. The NCLAT modified an interim order of the National […]