NEW DELHI: This summer could see slightly more domestic and international flights by Indian carriers despite over 75 IndiGo planes being grounded due to Pratt & Whitney’s unending engine issues; GoAir not flying since last may; less operations by SpiceJet and slower than expected supply of new planes from Boeing and Airbus due to global supply chain constraints.While India is the fastest growing aviation market globally, there are not enough planes to meet the demand as of now due to which…
Read More…
Category: Go Air
Sky One offers more money ahead of the bid review on Friday
The move has come before a likely meeting on Friday (March 22) when the lenders will review the bids on the table, according to a source.According to a person in the know, Sky One is now offering lenders ₹750 crore, compared to ₹410 crore earlier. The bidder has also already offered to pay lenders 25% of the amount received from the settlement in the Pratt and Whitney case. Jaideep Mirchandani, Chairman of Sky OneCNBC-TV18 previously reported that GoFirst has received two bids for the…
Read More…
EaseMyTrip’s Pitti raises Go First bid by Rs 150 crore
NEW DELHI: EaseMyTrip founder Nishant Pitti has raised by another Rs 150 crore his joint bid for Go First (earlier GoAir) along with SpiceJet chairman & MD Ajay Singh. The initial bid, with Pitti providing the funding and Singh operational know-how, is learnt to have been Rs 500-600 crore, say sources.However, with the erstwhile Wadia group airline owing creditors, including banks, Rs 6,521 crore, the committee of creditors reportedly asked Pitti to relook the same. And now, the combined bid…
Read More…
Go First Bid Rises After Lenders' Prompt; SpiceJet's Ajay Singh Involved – Goodreturns
Go First Bid Rises After Lenders’ Prompt; SpiceJet’s Ajay Singh Involved Goodreturns
Read More…
SpiceJet promoter Ajay Singh raises bid for Go First following banks' nudge: Report – Moneycontrol
SpiceJet promoter Ajay Singh raises bid for Go First following banks’ nudge: Report Moneycontrol
Read More…
Delhi HC defers hearing of contempt plea against Go First RP to April 5
Story continues below Advertisement
The Delhi High Court on March 15 deferred the hearing of contempt petition filed by aircraft lessors against the Resolution Professional (RP) of grounded airline to April 5.
The HC has, meanwhile, directed the RP to file a reply to its show cause notice asking why contempt of court proceedings should not be initiated…
Read More…
Flight Cancellation: Airline to pay flyer ₹1L for cancelled flight | Vadodara News
VADODARA: Sending advance messages about flight cancellation was not enough for a private airline to evade liability, with a Gujarat consumer forum ordering the carrier to pay a flier over three times the ticket price as compensation.Vadodara District Consumer Disputes Redressal Commission (additional) has directed the now-defunct GoAir (India) to pay Piyush Kalvani Rs 1.17 lakh, along with Rs 3,000 for mental harassment and Rs 2,000 as legal costs. The ticket price of the cancelled flight…
Read More…
Delhi HC issues Contempt of Court notice to Go First airlines’ resolution professional
The Delhi High Court on Monday issued a a show-cause notice to the resolution professional (RP) of Go First airline, asking why contempt proceedings should not be initiated against him for prima facie willfully disobeying judicial orders on allowing inspection and maintenance of lessors’ aircraft.
Delhi HC issues show-cause notice to Go First airline’s resolution professional for non-maintenance of aircraft
New Delhi: The Delhi High Court has issued a show-cause notice to the resolution professional of crisis-hit ‘Go First’ airline, asking why contempt proceedings should not be initiated against him for prima facie willfully disobeying judicial orders on allowing inspection and maintenance of the lessors’ aircraft.The high court said the RP (Resolution Professional) cannot plead difficulties in the implementation of the October 12, 2023, judgment after contempt proceedings have been filed by a…
Read More…
Delhi High Court Issues Show Cause Notice For Contempt
The Delhi High Court has issued a show cause notice to the Resolution Professional (RP) of crisis-hit Go Air as to why contempt proceedings be not initiated against him, observing that he was unable to undertake regular maintenance of the aircrafts of various lessors in terms of last year’s judicial orders.Justice Tara Vitasta Ganju observed that the directions to provide access and inspection of all the aircrafts records to the lessors and carrying out maintenance were not being adhered to…
Read More…