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Articles for Gofirst

Go First's airport slots may be up for grabs for rivals soon
2 weeks, 1 day ago

Go First's airport slots may be up for grabs for rivals soon

Live Mint  

Bankrupt Go First's valuable slots could soon be reallocated among airlines such as IndiGo, Air India and Akasa Air to ease congestion at the country's top airports as demand for air travel continues to rise. Airport slots, granting a carrier the permission to use the necessary infrastructure to operate flights, are valuable in the world's third-largest aviation market—after the US …

India Aviation Airport Air Civil Aviation Indigo Slots
Court ruling takes the wind off GoFirst insolvency resolution
7 months, 3 weeks ago

Court ruling takes the wind off GoFirst insolvency resolution

New Indian Express  

The Delhi High Court’s recent order allowing the Directorate General of Civil Aviation to process the applications filed by several lessors for deregistration of 54 planes is a body blow to the resolution process of Go First. Go First has been going through the insolvency resolution process since May 10 last year. The airline’s process is being overseen by resolution …

Resolution Process Ibc
Ajay Singh, boss of struggling SpiceJet that laid off people to stay aloft, bids for GoFirst
10 months, 1 week 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 …

Singh Gofirst Spicejet
GoFirst cancellations continue, flights now scrapped till July 10
1 year, 5 months ago

GoFirst cancellations continue, flights now scrapped till July 10

Live Mint  

GoFirst announced a fresh tranche of flight cancellations on Tuesday as it remains embroiled in insolvency proceedings. "We regret to inform you that due to operational reasons, Go First flights scheduled till 10th June 2023 have been cancelled. Cash-strapped GoFirst airline have been grounded since 3 May and flights had previously been cancelled till 28 June.dgca The aviation regulator Directorate …

Flight Pti Scrapped Till Gofirst
GoFirst flights grounded for almost 2 months after it filed 'insolvency' | READ
1 year, 6 months ago

GoFirst flights grounded for almost 2 months after it filed 'insolvency' | READ

India TV News  

Go First update: Crisis-hit airline Go First on Wednesday announced that its scheduled flight operations will remain cancelled till June 25 due to operational reasons. Earlier, the airline said that operations would remain cancelled till June 22. Early this May, Go First filed for bankruptcy at the National Company Law Tribunal and suspended its flight operations due to rising losses, …

Airline Flight Cancellations First Flights
GoFirst cancels flight operations till June 25 due to operational reasons
1 year, 6 months ago

GoFirst cancels flight operations till June 25 due to operational reasons

Hindustan Times  

Crisis-hit airline Go First on Wednesday announced that its scheduled flight operations will remain cancelled till June 25 due to operational reasons. Earlier, the airline said that operations would remain cancelled till June 22. GoFirst cancels flight operations till June 25 due to operational reasons Aircraft of the cash-strapped carrier have been grounded since May 3. "We regret to inform …

Operations Flight Airline Flight Operations Gofirst Operational Reasons
You cannot hide behind advisories: K.C. Venugopal slams Aviation Minister Jyotiraditya Scindia over high airfares
1 year, 6 months ago

You cannot hide behind advisories: K.C. Venugopal slams Aviation Minister Jyotiraditya Scindia over high airfares

The Hindu  

Aviation Minister Jyotiraditya Scindia should take concrete action to control rising airfares rather than "hiding behind" advisories and quoting "random figures", Congress leader K.C. Tagging Mr. Scindia's long Twitter post from Monday, Mr. Venugopal tweeted that this entire "flight price fiasco" is unravelling the "criminal extent" to which the Ministry of Civil Aviation "neglected" passenger welfare and the aviation sector. …

Aviation Congress Indian Civil Aviation Upa Sector Ministry
Airfares on 5 routes register significant dip: Civil aviation minister Scindia
1 year, 6 months ago

Airfares on 5 routes register significant dip: Civil aviation minister Scindia

Hindustan Times  

Airfares across five routes that were dominated by low-cost carrier GoFirst have recorded a significant drop, ranging between 14% and 61%, aviation minister Jyotiraditya Scindia said on Wednesday. Read here: 'Must ensure maximum prices are within limit': Govt on surge in airline tickets On Monday, the Union minister held a meeting with the Airlines Advisory Group on the increased airfares …

Minister Scindia Gofirst
Explained | The troubles of India’s aviation industry
1 year, 7 months ago

Explained | The troubles of India’s aviation industry

The Hindu  

The story so far: After low-cost carrier GoFirst’s insolvency filing last week, the aviation safety regulator Directorate General of Civil Aviation on Monday, May 8, directed the airline to stop selling air tickets immediately. While the Indian aviation sector initially saw a boom in the 1990s after opening up as a result of liberalisation reforms and the breaking of the …

India Aviation Industry Aircraft Airlines Indian Costs
NCLT grants GoFirst’s insolvency plea
1 year, 7 months ago

NCLT grants GoFirst’s insolvency plea

The Hindu  

The National Company Law Tribunal on Wednesday admitted Go First’s plea for voluntary insolvency and granted protection under moratorium from adverse actions by lessors, lenders, regulator, airports and oil companies. SMBC Aviation Capital which has leased at least seven aircraft to Go First moved National Company Appellate Law Tribunal to challenge the order. Lessors have already terminated lease agreements for …

Aircraft Air Nclt Irp Dgca Gofirst
World Press Freedom Index ranking, GoFirst crisis, King Charles III’s coronation and more - The Hindu
1 year, 7 months ago

World Press Freedom Index ranking, GoFirst crisis, King Charles III’s coronation and more - The Hindu

The Hindu  

Manipur violence Violence broke out in Manipur after a march organised in protest against the Meitei community getting the Scheduled Tribe status. Charles III crowned King at the first U.K. coronation in 70 years King Charles III was crowned monarch of the United Kingdom and 14 Commonwealth realms amid spectacular pomp and pageantry at Westminster Abbey in London in a …

India London Freedom Press State Countries Manipur
GoFirst crisis: Wadia Group seeking a one-time settlement offer
1 year, 7 months ago

GoFirst crisis: Wadia Group seeking a one-time settlement offer

Live Mint  

The Wadia Group, which owns the struggling airline Go First, is expected to request a settlement with banks that would involve creditors accepting a significant reduction in the amount owed, The Financial Express has reported. This means that the airline itself initiated the insolvency proceedings instead of creditors taking the debtor to the National Company Law Tribunal for debt recovery. …

Nclt
Air fares will soar as crimped supply chains drag down airlines
2 years, 1 month ago

Air fares will soar as crimped supply chains drag down airlines

Live Mint  

Airlines were preparing to deploy full capacity to cater to high demand in a post-covid world, but supply chain disruption has upset all calculations. Before the conflict, Russia was a major supplier of titanium for original equipment manufacturers in aviation, and Ukraine was an important source of titanium ore. Companies are trying to find ways to catch up with demand …

India Aircraft Airlines Air Mint Gofirst
It’s ‘business’ as usual for airlines
2 years, 6 months ago

It’s ‘business’ as usual for airlines

The Hindu  

When the pandemic forced officer-goers to work remotely, much of the corporate travel ground to a halt. IndiGo, which controls 56% of the aviation market, saw 100% recover in corporate or business travel in April and May and expects the demand for it to soon exceed pre-pandemic levels, according to its Chief Strategy and Revenue Officer, Sanjay Kumar. "From the …

Business Travel Leisure Corporate Metro Airline Mr Kumar
Jammu and Kashmir snowfall: Srinagar Airport cancels 8 flights
2 years, 11 months ago

Jammu and Kashmir snowfall: Srinagar Airport cancels 8 flights

India TV News  

Highlights 8 flights have been cancelled from Srinagar airport after poor visibility on Wednesday All other flights are also delayed due to poor visibility, informs Srinagar Airport Director The minimum temperature recorded in Srinagar is 0.8 degrees Celsius today Eight flights have been cancelled from Srinagar airport after poor visibility was reported due to light snow on Wednesday. Following flights …

Delhi Airport Flights Poor Jammu Indigo Visibility