The airline's resolution professional told the tribunal that they did not have any objection to the engine being released. The RP further told the tribunal that they had in fact initiated the process of returning one engine already.
SpiceJet promoter Ajay Singh and Busy Bee Airways promoter Nishant Pitti had submitted a joint bid in their personal capacity in February.
The board of the SpiceJet has also recently approved and initiated process of raising fresh capital of about $270 million to strengthen the low-cost carrier's financial position and provide resources to invest in growth plans.
The new kid on the tarmac has benefitted from weakened competition as well as sound business moves. But what will the next year look like?
India’s aviation regulator on July 21 said Go Airlines could resume operations if it can meet certain conditions, including getting interim funding and approval of its flight schedule.
A joint bid for the airline is being discussed by the group with financial investors such as private equity funds and alternative investment funds.
Tata Group and IndiGo are holding separate negotiations with Go Air’s lessors, as well as discussing landing and parking slots with airport operators, including in New Delhi and Mumbai, according to people familiar with the matter.
The airline, controlled by billionaire Nusli Wadia’s group, has enough funds to sustain operations on a cash-and-carry model for about 10 days, Chief Executive Officer Kaushik Khona said in an interview Saturday.
Opportunities for aviation staff are opening up with the launch of Jet Airways and Akasa Air and the rejuvenation of Air India. Media reports say that some of these recruiters are offering significant salary increases along with joining bonuses to attract staff
People embracing a plant-based vegan diet prioritize alternative sources of protein, instead of those derived from animals, resulting in soaring demand for nuts and nut-infused foods.
Effective until March 2022, the special festive menu will be available through pre-purchase only.
GoAir had in May 2020 announced a salary cut for pilots and other employees.
Go Holdings, which owns the GoAir brand, is an entity in which Jeh Wadia, one of the promoters of the low-cost airline, holds 99% stake.
GoAir IPO: The airline listed "certain important factors that could cause actual results to differ materially from our expectations"
GoAir is rebranding itself and aims for strong growth. The exercise involves expenditure but its planned IPO can help the low-cost carrier fly high after setbacks the aviation industry faced because of the pandemic
The airline has distanced itself from the pilot's tweets.
Are bookings open? Will flights take off? What happens to refunds if flights don’t take off? India’s aviation authoriries are caught in a dilemma between protecting the interests of passengers and those of airlines.
Go Air, Air Asia, and Vistara are offering tickets at discounted rates this monsoon season to get more fliers on-board
"There are issues with the engine for which the deliveries are getting delayed", Wadia said. To a query whether the airline was keen to look at the divestment of Air India like its competitor Indigo, Wadia said "we have no interest". He also denied any plans of an IPO, he said.
Speaking to CNBC-TV18, Krishnan Balakrishnan, Chief Financial Officer at GoAir, said that rising jet prices were affecting the margins of every airline.
The excellence in UAE Exchange India’s travel and tour services gained recognition as the Best Sales Agent 2015 from Go Air in the Go Air ...
The Memorandum of Understanding (MoU) was signed between the state government and Carrier Airconditioning and Refrigeration Limited, a unit of Connecticut-based United Technologies Corporation for setting up the additional 8-acre plant.
Out of the total, national carrier Air India and its subsidiaries owed the maximum of Rs 1,963 crore. Other carriers include SpiceJet, Jet Airways, Jet Lite (India), IndiGo and Go Air.
The company will have five aircrafts within the next six weeks and then after that they will again look at what the industry looks like and take a view on how the new added destinations are doing, said Airasia India's CEO Mittu Chandilya.
Go Air is offering upgrade to business class at Rs 999 and Jet is offering 10 percent discount on base fares.