Airlines
Insolvency petition a ruse for loan write-offs? Major bank union to oppose Go Airlines' write-offs
"If the airline has filed a voluntary insolvency petition to get loan write-offs, then it is unethical and immoral. The AIBEA will oppose the move," C.H. Venkatachalam, General Secretary, told IANS. "Other companies will also go for voluntary insolvency petition for loan write offs. The Reserve Bank of India (RBI) and the Indian government should not allow this," Venkatachalam added.
Passengers left in lurch in Jaipur after cancellation of Go First flights
On Tuesday, the airline had said that it has filed for insolvency resolution as it can no longer continue to meet its financial obligations, blaming US company Pratt & Whitney's "faulty engines" for grounding of 50 per cent of its fleet. According to the Jaipur airport administration, the airline had given a letter announcing suspension of flight operations from the airport from May 3 to May 5, which it extended to May 9 on Thursday.
Go First passengers create ruckus at Patna airport over suspension of flights
Go First operates five daily flights to Delhi, Mumbai and Bengaluru from the Patna airport, which were all cancelled on Wednesday. Besides Patna, the airline also operates daily flights to Delhi, Bengaluru and Mumbai from the Ranchi airport which were also cancelled on Wednesday, and the flights will remain suspended till May 5.
Axis Bank says no exposure to Go Airlines; other lenders to be affected
However, private lender Axis Bank said on Wednesday in a regulatory filing that it has no funded or non-funded exposure to the financially-troubled Go Airlines. According to reports, banks like Bank of Baroda, IDBI Bank, and Central Bank of India have exposure to the private airline.
Paytm Travel Carnival offers exciting discounts on flights, buses, trains
With this sale, users will be able to book flight, train and bus tickets for the summer holiday season through Paytm app and get attractive discounts, said the company. The carnival will see participation from major airlines -- IndiGo, SpiceJet, GoFirst, Vistara, Akasa Air, AirAsia, and Air India. The company is offering instant discounts of up to 15 per cent on domestic and up to 10 per cent on international flight ticket bookings through bank offers from RBL Bank (Credit Card and Credit Card EMI), Yes Bank (Credit Card) and HSBC India (Credit Card and Credit Card EMI).
Air India pilots pulled up over license and documentation delays
The airline has sent out an email detailing the consequences of any delays in the renewal process, which include both disciplinary action and financial penalties. According to sources, the directive comes amidst concerns over the airline's safety standards, and aims to ensure that all pilots meet the necessary requirements for operating.
Go Airline has history of missing its financial obligations: Pratt & Whitney
"Go First has a lengthy history of missing its financial obligations to Pratt," a spokesperson for the aircraft engine supplier Pratt & Whitney responded to IANS list of questions. However, the official declined to elaborate further on its allegation against Go Airline. Pratt & Whitney is committed to the success of our airline customers.
History of India's private airlines dotted with high-profile take-off and crash landing
Well, the annals of the Indian private airline industry are dotted with many airways taking off and crash landing with some continuing to fly. The list of failed airlines in India is quite long - full service or low-cost - and the major reason was financial crunch due to various factors. Many of these airlines were promoted by well-known.
Go First cancels all flights on May 3-4 amid financial crunch
Adding to the uncertainty, the Mumbai-based airline has also stopped taking bookings for the next two days. The move came after Go First, which has around 5,000 employees, filed an application for voluntary insolvency resolution proceedings before the National Company Law Tribunal (NCLT), as confirmed by its CEO Kaushik Khona.
Air India crew grounded by DGCA for 'in-flight hospitality' fiasco
In the incident, the pilot allegedly had entertained a female friend, who had entered in the cockpit, which violates DGCA safety norms. A cabin crew member had filed a complaint with DGCA, prompting an investigation. While the cabin crew member seems to have no role in the incident, the entire crew has been derostered pending.
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