The National Company Law Appellate Tribunal (NCLAT) has directed the National Company Law Tribunal (NCLT) to determine who will bear the dues …
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Tag:
bankruptcy
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Aviation Horizon
Estonia’s Nordic Aviation Group Ceases Operations and Files for Bankruptcy.
by Editorby EditorEstonia’s Nordic Aviation Group (NAG) has announced that it will cease operations and file for bankruptcy as of Monday, November 18, 2024. …
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Airline Updates
One-Fourth of Former Go FIRST Fleet Exits India Amid Bankruptcy.
by Editorby EditorIn a surprising turn of events, Go FIRST, the Indian low-cost airline, voluntarily filed for bankruptcy in May 2023. This decision came …
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Aviation Incident Reports
SpiceJet Faces Insolvency Plea from Operational Creditor, NCLT Responds.
by Editorby EditorSpiceJet is once again facing significant financial challenges as it contends with a new insolvency petition filed by an operational creditor. The …
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Airline Updates
Canada Jetlines Files for Bankruptcy, Ceases Operations Amid Struggles.
by Editorby EditorCanada Jetlines, a low-cost airline that aimed to carve a niche in the Canadian travel market, has officially filed for bankruptcy, marking …
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The Committee of Creditors (CoC) for Go First, the bankrupt airline formerly known as GoAir, has decided to proceed with liquidation after …
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Go First Airline, once a prominent player in India’s aviation sector, is facing an uncertain future as all avenues for its revival …