Airlines

Notable entities expressing interest in acquiring Go First include Sky One, an aviation company based in Sharjah, US-based NS Aviation, and SpiceJet. Sky One acknowledged its interest but refrained from providing detailed comments at this early stage.

Go First, established in 2005, voluntarily filed for bankruptcy in May 2023, citing outstanding debts exceeding Rs 6,521 crore, primarily owed to lenders, including a substantial portion owed to public sector banks.

The advisory was prompted by an inspection during routine maintenance by an undisclosed international airline, revealing a missing nut on a bolt.

The latest OAG Data for October 2023 places IndiGo among the top 10 airlines globally in terms of both frequency and seat capacity.

“We regret to inform you that due to operational reasons, Go First flights scheduled till 30th November 2023 have been cancelled. We apologise for the inconvenience caused by the flight cancellations,” it said in a statementy.

“Was a stressful week and Veranita Yosephine suggested a massage. Got to love Indonesia and AirAsia culture, that I can have a massage and do a management meeting! We are making big progress and I have now finalised Capital A structure. Exciting days ahead. Proud of what we have built and never have lost sight of the finish,” he wrote in a post on LinkedIn.

This impressive growth represents an annual increase of 29.10 per cent and a noteworthy monthly growth rate of 18.26 per cent. According to data released by the Directorate General of Civil Aviation (DGCA), during September, a total of 246 passenger related complaints were received by the scheduled domestic airlines. 

Consequently, by August this year, Akasa's domestic market share had fallen behind that of the financially challenged SpiceJet, a carrier it had surpassed in June. Akasa is reportedly requesting around Rs 22 crore in compensation for the loss of revenue and damage to its reputation, citing that the 43 pilots in question departed without fulfilling the mandatory notice period.