Flight Friday: How Has GoAir’s Failure Affected Indian Airlines?

This weeks’ #FlightFriday looks under the hood at Indian operator utilization.With the recent announcement by Akasa Air that it was behind a December 2023 undisclosed order for 150 Boeing 737 MAX aircraft, both -10’s and -8200’s, Akasa looks to be filling a gap left in the market after the demise of Go Air (‘Go First’ marketing name).Prior to Go Air ceasing operations in May 2023, it was operating, at its peak, almost 9,000 monthly flights. Akasa Air, which started commercial…
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Source: https://aviationweek.com/air-transport/airlines-lessors/flight-friday-how-has-goairs-failure-affected-indian-airlines

Groundings, Go First closure, getaway mania leading to last-minute fares spiking sky high

If readers tried to book a last-minute flight in the last week or two of December 2023, this will resonate. Last-minute airline fares across many select sectors in India went through the roof. That Indian airfares for similar domestic distances in other countries are mostly lower, as long as one books one’s passage well in advance, is an established fact. In general, booked 3-4 weeks in advance, airfares here tend to be 15-20% cheaper.Abroad, the percentages vary. For instance, flying within…
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Source: https://m.economictimes.com/opinion/et-commentary/groundings-go-first-closure-getaway-mania-leading-to-last-minute-fares-spiking-sky-high/amp_articleshow/106738522.cms

Broken trust at 30,000 feet: The impact of the Go First-P&W case has ramifications for international business – Opinion News

By Vijay Kelkar

In a recent address to the Lok Sabha during the winter session of Parliament, the Union minister of civil aviation Jyotiraditya Scindia highlighted a concerning issue, stating, “Ninety-five per cent of the aircraft on ground in India today is because of engine supplier Pratt & Whitney”.  He also added, “We have been in direct touch with Pratt & Whitney and conveyed to them that this situation is unacceptable because air traffic in India is growing exponentially.”…
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Source: https://www.financialexpress.com/opinion/broken-trust-at-30000-feet-the-impact-of-the-go-first-pampw-case-has-ramifications-for-international-business/3361277/lite/

Go First lenders can check out new offers as RP extends voting deadline

The resolution professional (RP) overseeing bankrupt Go First Airlines has extended the voting deadline for lenders to allow them to decide whether they want to weigh the latest expressions of interest from SpiceJet and two other investors after some creditors sought more time to arrive at a decision, three people familiar with the process said.The voting, which was slated to end on Saturday, has been extended till the end of this week.”Among the creditors, a large public sector bank which…
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Source: https://m.economictimes.com/industry/transportation/airlines-/-aviation/go-first-lenders-can-check-out-new-offers/amp_articleshow/106617737.cms