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Go First Insolvency News

04 Aug 2023

Go First Insolvency: NCLT Seeks Report On Most Recent Developments

A two-member bench of NCLT directed the resolution professional (RP) to file an additional affidavit in the next 10 days, including the status of the maintenance of the leased Go First aircraft.

25 Jun 2023

Go First Extends Flight Cancellation Till June 28, Nears 2 Months Of Grounding

Go First Airline filed for bankruptcy at the National Company Law Tribunal (NCLT) and suspended its flight operations on May 3, 2023 due to rising losses.

22 Jun 2023

Go First Flights Cancelled Till June 25, Grounded For Almost Two Months Now

Go First Airline filed for bankruptcy at the National Company Law Tribunal (NCLT) and suspended its flight operations on May 3, 2023 due to rising losses.

19 Jun 2023

Go First Unable To Fly Again, Cancels All Flights Till June 22

Citing operational reasons as a hindrance in flying, Go First has cancelled all of its flight till June 22, after the air carrier earlier cancelled all of its flight till June 19.

05 Jun 2023

Keep Airfare Low: Govt Asks Airlines Amid Odisha Train Crash, Go First Crisis

Airlines should devise a mechanism to ensure reasonable pricing within the high RBDs (Reservation Booking Designator), said Aviation ministry.

31 May 2023

Go First Lessors' Plea To Deregister Plane Denied Due To Portal Glitch: DGCA

DGCA said it was not processing such requests following a moratorium on financial obligations and the transfer of assets of the crisis-hit airline in the wake of insolvency resolution proceedings.

22 May 2023

Go First Insolvency: Lessors Cannot Take Possession of Aircraft

NCLAT directed aircraft lessors to approach NCLT for any remedy in the Go First insolvency proceedings matters.

18 May 2023

Go First Extends Flight Cancellations Till May 26, Cites 'Operational Reasons'

Go First Airline announced that the flights have been cancelled because of operational reasons, and a full refund will be initiated for the passengers through the original mode of payment.

15 May 2023

Go First Insolvency Raises Concerns For Aircraft Lessors In India

Experts believe there is a possibility of more lessors putting in requests for the deregistration of planes leased to some other airline, thinking that they get stuck in litigation.

11 May 2023

Go First Gets Bankruptcy Protection: What It Means For Airline And Its Future

With the NCLT's decision in Go First's favour, the airline has got a sigh of relief for the near future; Here's what the decision means for the airline and its future.

10 May 2023

Go First Crisis: Meeting With P&W CEO Not Fruitful, Case Moves To US Court

According to the Go First airline, it was forced to apply to the NCLT after Pratt & Whitney, the exclusive engine supplier for its Airbus A320neo aircraft fleet.

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