Go Air News
Go First case: Former bidder Busy Bee Airways withdraws plea against liquidation
Since the NCLT had already passed its liquidation order for Go First on 20 January, the bidder withdrew its plea, stating it would explore other options for relief.
2 min read22 Jan 2025NCLT orders Go First’s liquidation in absence of a viable resolution plan
The airline owes approximately ₹6,200 crore to creditors, with significant claims from the Central Bank of India ( ₹1,934 crore), Bank of Baroda ( ₹1,744 crore), and IDBI Bank ( ₹75 crore), besides claims from vendors and travel agents.
5 min read20 Jan 2025Mint Explainer: The Cape Town connection to the Jet Airways, Go First insolvencies
Apart from deficiencies in India’s bankruptcy laws in dealing with airline insolvencies, the country’s partial alignment with a two-decade-old international treaty is also to blame.
7 min read12 Nov 2024Go First insolvency: NCLT seeks suspended management’s view on liquidation plea
The resolution professional had sought Go Air’s liquidation after the airline had no assets following the deregistration of all 54 leased aircraft
4 min read3 Sep 2024NCLT extends Go First’s resolution timeline by 90 days
The NCLT has extended Go First’s moratorium period by 90 days and requires the airline to submit an action plan within this timeframe.
1 min read23 Nov 2023Go First Insolvency: Carrier faces bleak future as lenders assess fund infusion plans
The DGCA told Delhi HC the recent directive exempting aviation leases from the bankruptcy moratorium should be applicable even to companies undergoing insolvency proceedings. This significantly diminishes the likelihood of the airline’s revival
2 min read3 Nov 2023Cash-strapped Go First and Jet Airways lose airline codes for being non-operational
Go First and Jet Airways have lost their airline codes ’G8 and 9W’ assigned by IATA for being non-operational.
2 min read3 Sep 2023Go First cancellations continue, airline scraps flights till August 21
GoFirst cancels flights till August 21 due to operational reasons amidst insolvency process.
1 min read18 Aug 2023Go First Bankruptcy SECRETS They Don’t Want You To Know! | Mint Explains | Mint
In this video, we take a deep dive into the aviation industry in India and explore the reasons behind the recent bankruptcy of Go Airlines, popularly known as GoAir. We examine the challenges faced by airlines in making profits in the competitive Indian market and how IndiGo Airlines, the country’s largest carrier, manages to stay ahead of its rivals. We analyse the factors that led to GoAir’s financial troubles, including high operating costs and intense competition. We also discuss the airline’s plans for restructuring and potential acquisition by other players in the industry.
2 Aug 2023Go First files application for ‘immediate’ revival of operations after flights cancelation
Low-cost airline Go First has announced the cancellation of flights until July 25 due to operational reasons. The company has filed an application for immediate resolution and revival of operations.
1 min read24 Jul 2023Popular Topics
Budget
The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared