Goair

GoAir faces liquidation as bidder withdraws, Delhi High Court allows aircraft repossession. Future uncertain, creditors nudged bidders to up bids due to massive debts.

LIVE: GoFirst insolvency to affect banking sector? | FOMC Meet| Titan Q4 | Opening Bell

Ambuja Cement and Tata Steel reported a good set of numbers in the final quarter of FY23. Cash-strapped airline GoFirst goes belly up. Will banks get affected by GoFirst insolvency? Catch Nickey Mirchandani in conversation with Ihab Dalwai - Fund Manager - ICICI Prudential AMC Ltd and Rajesh Palviya · Senior Vice President Research (Head Technical & Derivatives ) at Axis Securities on Opening Bell

Go First insolvency | DGCA issues show-cause notice, matter is taken up with stakeholders: Jyotiraditya Scindia

It is prudent for the judicial process to run its due course following the NCLT application, says minister

GoFirst launches Republic Day sale for domestic, international travel. Details here

This offer is applicable for passengers who book their travel between 23rd and 26 January for the travel dates between 12 February and 20 September 2023.

2023: Recovery winds, airlines' expansion plans, Covid air pockets await Indian aviation sector

While the focus in 2023 will be on profitability and possible impact of COVID, the outlook definitely is positive. However, with the pandemic still around, one does not know how things take a turn.

August domestic air traffic rises 51% Y-o-Y to 101.16 lakh passengers

According to official data, passengers carried by domestic airlines during January-August 2022 were 770.70 lakhs compared to 460.45 lakhs during the corresponding period of previous year

Go First's aircraft rejects take off as dog comes on Leh airport runway

The DGCA officials called it a routine incident.

COVID-19 update: GO FIRST announces scheme of 20% discount for the double vaccinated

To avail this offer, a passenger will have to book the tickets through GO FIRST website and mobile app, and then enter the promo code GOVACCI.

Domestic air passenger volume spikes 70.5% to 89.85 lakh in October

IndiGo in October 2021 flew 48.07 lakh passengers, accounting for 53.5 per cent of the total domestic traffic. Whereas, Air India, which is now set to go to its new owner Tata Group, transported 10.61 lakh passengers with an 11.8 per cent market share, according to data.

GoAir files addendum to DRHP for Rs 3,600-cr public issue

Airline lists two new objects of issue and adds one risk factor to the draft red herring prospectus for the public issue.

Air India's acquisition will bring some sanity to the Indian domestic aviation market

In the past, Air India had been the most aggressive in price wars because of government and taxpayer backing. Now, the Tatas are likely to take a more prudent approach to pricing.

Pune airport was most profitable in FY21; Mumbai, Delhi biggest lossmakers

The pandemic curtailed flight operations across the country, widening the combined losses of 138 airports to Rs 2,882.74 crore. Still, the airports at Kandla and Chandigarh did better than the year before

The reason IndiGo is such a dreaded competitor

On 194 of the 531 routes that IndiGo operates, the airline had an absolute monopoly. On several routes, it muscles out competitors by increasing frequency of flights or through better fares.

Airlines’ dilemma - consolidate or contract to fly out of COVID turbulence

Airlines are bleeding and planning to raise capital to survive. Experts say airlines will have to either contract operations or resort to mergers and acquisition to become viable but both options have pitfalls and challenges

Vistara starts weekly flight to Tokyo’s Haneda airport, expands global reach

By opting to fly to Haneda and not Narita, Vistara will also be able to offer connections to US-bound passengers

Spicejet is flying on cargo and a prayer

Spicejet’s finances are worse than they were six years ago, when its balance sheet seemed about to crashland. Its income is propped up by assumptions of hefty compensation from Boeing for grounding of aircraft, and it is operating in a tough, pandemic-hit environment, but its small and rapidly growing, cargo business offers a ray of hope

SEBI grounds GoAir IPO for 90 days pending enquiry against promoter Bombay Dyeing

Regulator sends show cause notice to Bombay Dyeing alleging irreguarities.

Airline fleet status check in India: Grounded in reality

Less than a quarter of planes operated by Indian carriers were idled by the pandemic on June 11, in contrast with airlines in other countries that placed their aircraft in long-term storage

Flights at one-fourth of pre-COVID levels, but govt caps airline capacity at 50% level

Also, starting June 1, the base fare will increase across the country. The argument for it is that there are very few passengers across the country and there is no need to increase the ceiling price since flights aren’t full. Also, since discretionary travel is not around, the increase in fare won’t impact demand directly.

A year after airlines came out of the 2020 lockdown, aviation looks wobbly again

Air traffic has fallen back close to the level seen a year ago, when airlines resumed operations after a two-month halt. Airlines now face much higher regulation and uncertainty about when their business will return to pre-COVID levels

Second wave of COVID-19 rattles civil aviation; Mumbai-Delhi and leisure flights worst hit

The aviation sector tumbled in April, in line with rising COVID-19 infections, and has shrunk further in May, with traffic at 15 percent of the pre-pandemic level. Airlines have taken a beating but market leader IndiGo maintained its dominance.

Is this the right time to board GoAir?

The airline is in a desperate situation if it is not even able to pay for its fuel. Its numbers don’t inspire confidence

GoAir files DRHP for IPO: Here's what the airline said about its competition

In the draft papers filed with market regulator SEBI, GoAir detailed how its performance compares with rival Indian carriers.

GoAir IPO: Airline got 13 legal notices from pilots over non-payment of dues

GoAir had in May 2020 announced a salary cut for pilots and other employees.

GoAir IPO | Airline says COVID-19 has put a serious threat to its going concern

Given the sharp loss due to COVID-19 the company' net worth has dipped in the negative territory.