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SpiceJet Chief Ajay Singhs Bold Move: Bidding for Bankrupt Go First
SpiceJet chief Ajay Singh, along with Busy Bee Airways and Sky One, has submitted bids for the bankrupt Go First, which ceased operations over nine months ago. This development comes as SpiceJet faces its own challenges, including fundraising and cost-cutting measures....
WeWork Nears Bankruptcy Filing: WSJ Report
WeWork Inc., a startup with a valuation of $47 billion, is on the brink of filing for bankruptcy as early as next week, according to reports from the Wall Street Journal. The co-working giant's dramatic rise and fall have been marked ...
Lessors Have Doubts Over Go First's Revival
Debt-ridden, Wadia group air carrier Go First argued before the National Company Law Appellate Tribunal (NCLAT) on Friday that, the termination of leases for aircraft by the lessors would not have any impact. This is because the moratorium has been imposed ...
Go First Insolvency: What Has Transpired So Far?
The low-cost airline arm of IndiGo Air's Go First announced a suspension of all its flights from May 3-5, as it needs to solve its financial crisis. The company on its own also filed for insolvency resolution proceedings in the National ...
DGCA Orders Go First To Refund Passengers
The Directorate General of Civil Aviation (DGCA) has issued an order to Go First to process refunds to passengers after examining the response it got from the airlines. On May 2, after canceling all its flights for May 3-5 ...
Go First Seeks Out NCLT For Directions To Deal With The Crisis
Debt-ridden, Go First Airways seeks out National Company Law Tribunal (NCLT) for various interim directions to deal with the ongoing crisis. It has asked for help to restrain lessors from taking back aircraft and the regulator Directorate General of Civil Aviation ...
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