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Mumbai: Bombay Burmah Trading Corporation Limited, the holding company of the Wadia Group, has made a provisioning of ₹1,866 crore on its investments in Go Airlines and other related financial obligations for FY23. The provision has been made pursuant to an application filed by Go Airlines Ltd, the company that runs Go First, before the National Company Law Tribunal under …

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On Wednesday, May 17, crisis-hit Go First Airlines announced that the cancellation of its flight operations has been extended till May 26 due to “operational reasons”. In a notice published on the website of Go First Airlines, it stated that the company has filed an application for immediate resolution and revival of operations adding that it may resume bookings soon. …

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Go Airlines on Monday asked the National Company Law Tribunal to urgently pass an order on its insolvency plea, citing lessors' efforts to take back planes, per the court hearing. On Monday, Go First lawyers told the tribunal to urgently pass an order on the airline's insolvency plea, saying its lessors had moved to repossess the planes even as bankruptcy …

Cash-strapped budget airline Go First has sought an interim moratorium as the Delhi chapter of the National Company Law Tribunal began hearing its voluntary insolvency plea on Thursday. The budget carrier, on Tuesday, cited the grounding of more than half of the fleet due to non-supply of engines by Pratt & Whitney as the reason for its financial crunch The …

Go First airline counters at Delhi Airport turned deserted as the beleaguered airline on 2 May filed for bankruptcy at the National Company Law Tribunal. Go First is majority owned by billionaire Nusli Wadia’s Wadia Group, which also controls cookie maker Britannia Industries Ltd. and textile maker Bombay Dyeing and Manufacturing Co. History of turbulency in India's aviation market: India …

Air Carrier Go First Airways on Tuesday filed for insolvency resolution proceedings in the National Company Law Tribunal. Go First said it has paid ₹ 5,657 crores to lessors in the last two years of which approximately ₹ 1600 crore was paid towards lease rent for non-operational grounded aircraft The Wadia Group-owned air carrier with more than 5,000 employees has …

UPDATE | Go First crisis may benefit rivals IndiGo, SpiceJet: Financial analysts Union Minister for Civil Aviation Jyotiraditya Scindia Cash-strapped domestic carrier Go First has received a 'show cause' notice from the Director-General of Civil Aviation after it cancelled May 3, 4 and 5 flights and filed for voluntary insolvency before the National Company Law Tribunal. Earlier today Go First …

Bengaluru: European aircraft maker Airbus deliveries of its A320neo aircraft are back on track in India with fewer problems being seen with the narrowbody jet's Pratt & Whitney engines, a senior company executive said on Wednesday. "Pratt has informed Airbus that engine issues have come down by a factor of four in the last 12 months," said Airbus' India head …