SpiceJet along with Busy Bee Airways submit bid for bankrupt Go First
1 year, 1 month ago

SpiceJet along with Busy Bee Airways submit bid for bankrupt Go First

New Indian Express  

NEW DELHI: SpiceJet chief Ajay Singh, along with Busy Bee Airways, have submitted a bid for bankrupt Go First. In a release on Friday, SpiceJet said the bid has been submitted by Singh in his personal capacity, along with Busy Bee Airways Pvt Ltd. "SpiceJet's role as the operating partner for the new airline involves providing essential staff, services, and industry expertise. Singh, who is the Chairman and Managing Director of SpiceJet, said that he firmly believes that Go First holds immense potential and can be revitalised to work in close synergy with SpiceJet, benefiting both carriers. "Apart from coveted slots at domestic and international airports, international traffic rights, and an order for over 100 Airbus Neo planes, Go First is a trusted and valued brand among flyers.

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History of this topic

Busy Bee Airways to reach out to Go First lenders
1 month, 4 weeks ago

Busy Bee Airways to reach out to Go First lenders

New Indian Express  

NEW DELHI: Busy Bee Airways on Friday informed the insolvency appellate tribunal NCLAT that it will try to reach out to the lenders of Go First. Travel portal EaseMyTrip’s co-founder Nishant Pitti is the majority shareholder in Busy Bee Airways. During the insolvency resolution process, Busy Bee Airways, along with SpiceJet chief Ajay Singh, and Sharjah-based aviation entity Sky One …

Go First acquisition: NCLAT asks Busy Bee Airways to negotiate deal with lenders
1 month, 4 weeks ago

Go First acquisition: NCLAT asks Busy Bee Airways to negotiate deal with lenders

Live Mint  

The National Company Law Appellate Tribunal has asked Busy Bee Airways, a bidder for bankrupt airline Go First, to approach the airline’s lenders and negotiate a deal to acquire the airline as a going concern. Busy Bee Airways, backed by EaseMyTrip’s Nishant Pitti, had challenged a liquidation order issued by the National Company Law Tribunal in the NCLAT on 20 …

Busy Bee Airways challenges liquidation of Go First in NCLAT
2 months, 1 week ago

Busy Bee Airways challenges liquidation of Go First in NCLAT

Live Mint  

Busy Bee Airways Pvt Ltd, one of the bidders for the grounded airline Go First, has approached the National Company Law Appellate Tribunal to challenge the airline's liquidation. On 21 January, Busy Bee Airways informed the NCLT of its decision to contest the liquidation, saying it intended to submit a resolution plan to take over the airline. Majority-owned by Nishant …

Ajay Singh, boss of struggling SpiceJet that laid off people to stay aloft, bids for GoFirst
1 year, 1 month ago

Ajay Singh, boss of struggling SpiceJet that laid off people to stay aloft, bids for GoFirst

Hindustan Times  

SpiceJet's managing director, Ajay Singh, and Busy Bee Airways have jointly submitted their bid for GoFirst airline, SpiceJet said on Friday. "This collaboration is anticipated to generate synergies between the two carriers, leading to improved cost management, revenue growth, and a strengthened market position within the Indian aviation industry," the statement said. Ajay Singh, who is the chairman and managing …

SpiceJet to submit offer to Go First after due diligence to create an ‘airline in collaboration’
1 year, 3 months ago

SpiceJet to submit offer to Go First after due diligence to create an ‘airline in collaboration’

Firstpost  

The news, which pushed up SpiceJet shares by more than 7%, came after Go First’s lenders began contemplating the airline’s liquidation after they did not get any bids for it within the late November deadline Budget carrier SpiceJet said on Tuesday that it will submit an offer with the resolution professional of Go First after due diligence to “create an …

Go First cancels flights till July 25 due to operational reasons | DETAILS
1 year, 8 months ago

Go First cancels flights till July 25 due to operational reasons | DETAILS

India TV News  

Go First cancels flights till July 25 due to operational reasons | DETAILS Go First on Sunday announced the cancellation of all flights till July 25 due to operational reasons. Go First : The airline company on Sunday announced the cancellation of all of its flights till July 25. "We regret to inform that due to operational reasons, Go First …

Go First extends flight cancellations till June 30
1 year, 9 months ago

Go First extends flight cancellations till June 30

India TV News  

Go First update: Go First, an airline facing a crisis, has announced that its scheduled flight operations will continue to be cancelled until June 30 for operational reasons. Early this May, Go First filed for bankruptcy at the National Company Law Tribunal and suspended its flight operations due to rising losses, primarily due to delays in the delivery of Pratt …

Go First Extends Flight Cancellations Until June 25, Details Inside
1 year, 9 months ago

Go First Extends Flight Cancellations Until June 25, Details Inside

News 18  

Go First recently announced that its scheduled flight operations will remain cancelled until June 25. Taking to Twitter, Go First expressed its regret over the extended flight cancellations, stating, “We regret to inform you that due to operational reasons, Go First flights scheduled until June 25, 2023, have been cancelled. pic.twitter.com/bHoICy3hzo— GO FIRST June 21, 2023 The company further emphasized …

Go First extends flight cancellations till June 16
1 year, 9 months ago

Go First extends flight cancellations till June 16

Deccan Chronicle  

NEW DELHI: Crisis-hit airline Go First on Tuesday announced that its scheduled flight operations will remain cancelled till June 16, adding that a full refund will be issued to the passengers. "We regret to inform you that due to operational reasons, Go First flights scheduled till June 16, 2023, have been cancelled. We apologize for the inconvenience caused by the …

Go First bankruptcy: Rivals Air India, IndiGo increase flights frequencies
1 year, 10 months ago

Go First bankruptcy: Rivals Air India, IndiGo increase flights frequencies

Live Mint  

With prolonged cancellation of flights by cash-strapped Go First, other Indian airlines are seizing the opportunity by adding new flights. Domestic carriers Air India and IndiGo have increased the flight frequencies on several busy routes to fill the vacuum left by Go First. Go First has extended flight cancellation till 23 May citing operational reasons. “We regret to inform that …

Geared up for expansion in operations, no question of filing insolvency, says SpiceJet amid Go First crisis
1 year, 10 months ago

Geared up for expansion in operations, no question of filing insolvency, says SpiceJet amid Go First crisis

Hindustan Times  

SpiceJet has initiated the process of reviving its grounded fleet with the USD 50 million funds received by the airline from the government's Emergency Credit Line Guarantee Scheme and internal cash accruals. SpiceJet had last week announced plans to revive 25 grounded aircraft that will help it capitalise and make the most of the upcoming peak travel season. "We want …

With Go First’s fate up in air, staff head for exits
1 year, 10 months ago

With Go First’s fate up in air, staff head for exits

Live Mint  

Employees of Go First airline, which filed for bankruptcy on Tuesday, are wasting no time seeking new job opportunities as rival airlines expand operations, unlike employees of grounded Jet Airways, who held on to the futile hope of a revival for more than four years. Adding to the uncertainty surrounding Go First’s future, parent Go Airlines Ltd has fallen behind …

Amid Go First bankruptcy, SpiceJet plans to revive 25 grounded aircraft
1 year, 10 months ago

Amid Go First bankruptcy, SpiceJet plans to revive 25 grounded aircraft

Hindustan Times  

SpiceJet has mobilised its plan to revive 25 grounded aircraft, the airline said on Wednesday. The airline said it has already mobilised around ₹ 400 crore towards getting its grounded fleet back in the air. “The airline has already mobilised around ₹400 crore towards getting its grounded fleet back in the air, which will further enhance its top-line,” SpiceJet said. …

Attention flyers! SpiceJet to fly long-haul flights from Mumbai and Delhi to London
4 years, 5 months ago

Attention flyers! SpiceJet to fly long-haul flights from Mumbai and Delhi to London

Live Mint  

Low-cost airline SpiceJet, which has operated domestic and short to medium haul international flights till now, is all set to start its long-haul operations with flights from Mumbai and Delhi to London, which is one of the most popular destinations for travellers from India, from 4 December. 'More destinations for long-haul flights soon' Chairman and Managing Director of SpiceJet, Ajay …

Not cash alone: Ajay Singh needs a lot more to do to revive SpiceJet
10 years, 2 months ago

Not cash alone: Ajay Singh needs a lot more to do to revive SpiceJet

Firstpost  

Merely pumping in money into cash strapped SpiceJet will not turn it around. Singh needs monumental patience, a team of turnaround specialists Merely pumping in money into cash strapped SpiceJet will not turn it around. Singh has come as a manna from heaven for cash strapped SpiceJet which was forced to briefly ground flights last month when oil companies refused …

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