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Tag: Go First

    Aviation
    Go First receives additional 60 days to finalise insolvency resolution

    Go First receives additional 60 days to finalise insolvency resolution

      The future of Go First, which ceased operations on May 3, 2023, may soon be determined within the next two months. The National Company Law Tribunal (NCLT) granted an additional 60-day extension to the

    Aviation
    Go First sale faces uncertainty as bidders tie payments to lawsuit resolution

    Go First sale faces uncertainty as bidders tie payments to lawsuit resolution

    The fate of Go First hangs in the balance as potential buyers, including a consortium led by SpiceJet Chief Ajay Singh and Sharjah-based Sky One, propose conditional payments linked to the resolution of a lawsuit

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    Go First Insolvency Resolution Extended by NCLT

    Go First Insolvency Resolution Extended by NCLT

    The National Company Law Tribunal (NCLT) has granted a 60-day extension to the Corporate Insolvency Resolution Process (CIRP) of grounded airline Go First. The extension comes after three parties expressed interest in taking over the

    Aviation
    Lenders of Go First seek investor bids by Jan 31

    Lenders of Go First seek investor bids by Jan 31

    In the latest developments surrounding struggling airline Go First, sources reveal that the deadline for submitting financial bids for the acquisition of the airline has been set for January 31. Go First had filed for

    Aviation
    Go First forms company with former employees to liaise with leasing firms: Report

    Go First forms company with former employees to liaise with leasing firms: Report

    Crisis-hit Go First has reportedly floated a company to liaise with the leasing companies. The company was floated in December and is being led by Sachin Naik, a former employee in Go First’s finance department.

    Aviation

    SpiceJet shows interest in buying bankrupt Go First

    SpiceJet on Tuesday said it has expressed interest to acquire Go First and plans to submit its offer after carrying out due diligence of the bankrupt carrier. Go First, which stopped flying since May 3

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