FlyDubai, Busy Bee Airways Compete to Acquire Go First.
Efforts to salvage the struggling Go First airline have gained significant traction, with new discussions about its potential acquisition taking center stage.…
bankruptcy
Former SpiceJet Pilots Demand ₹3 Crore in Unpaid Dues.
Former SpiceJet pilots have added their voices to the growing chorus of grievances surrounding the airline’s financial troubles, claiming over ₹3 crore…
NCLAT Directs Busy Bee Airways to Negotiate Go First Acquisition.
The National Company Law Appellate Tribunal (NCLAT) has instructed Busy Bee Airways, a prospective bidder for the bankrupt airline Go First, to…
Nishant Pitti Makes Second Push to Revive Bankrupt GoFirst.
EaseMyTrip’s co-founder Nishant Pitti, who has been actively involved in the airline and travel industry, has made a bold move to challenge…
NCLT Admits Go First Airlines into Liquidation After Failed Revival.
The National Company Law Tribunal (NCLT) has officially brought an end to Go First’s turbulent journey by admitting the airline, operated by…
NCLAT Directs NCLT to Decide Who Pays Jet Airways’ Dues to Mumbai Airport.
The National Company Law Appellate Tribunal (NCLAT) has directed the National Company Law Tribunal (NCLT) to determine who will bear the dues…
Estonia’s Nordic Aviation Group Ceases Operations and Files for Bankruptcy.
Estonia’s Nordic Aviation Group (NAG) has announced that it will cease operations and file for bankruptcy as of Monday, November 18, 2024.…
One-Fourth of Former Go FIRST Fleet Exits India Amid Bankruptcy.
In a surprising turn of events, Go FIRST, the Indian low-cost airline, voluntarily filed for bankruptcy in May 2023. This decision came…
SpiceJet Faces Insolvency Plea from Operational Creditor, NCLT Responds.
SpiceJet is once again facing significant financial challenges as it contends with a new insolvency petition filed by an operational creditor. The…
Canada Jetlines Files for Bankruptcy, Ceases Operations Amid Struggles.
Canada Jetlines, a low-cost airline that aimed to carve a niche in the Canadian travel market, has officially filed for bankruptcy, marking…