GoAir blir GoFirst -> Insolvent

[Someone]

LItt gammelt nytt, men indiske GoAir bestemte seg for en stund tilbake å rebrande seg som GoFirst. Nå er første fly klart i de nye fargene, men det ser ikke spesielt bra ut.

https://twitter.com/Vinamralongani/status/1444641844432830471?s=20

 

[Alpha]

Re: GoAir blir GoFrist

Helt straight livery dette vel, hva er problemet?

Sent fra min SM-F926B via Tapatalk

 

[Trdfly]

Re: GoAir blir GoFrist

Motorproblemene på A320neo-flyene deres med PW-motorer har nå gjort at Go First har meldt seg insolvent, operasjonene 3.-4. mai er nå kansellert....
Minst 24 A320neo av Go First sine A320neo står parkert. Utenom en stor A320neo-flåte, har de fortsatt 5 A320ceo(SL).

India’s Go First files for insolvency, sues P&W for $977mn
Go First (G8, Mumbai International) has filed for insolvency at the National Company Law Tribunal in Delhi, blaming “Pratt & Whitney’s defective and failing engines” for a cash-flow crisis, it said in a two-page statement on May 2. According to local media, it has suspended its flights for May 3 and 4.

The low-cost carrier said it had filed an application with the tribunal to enter the Corporate Insolvency Resolution Process under section 10 of India’s Insolvency Bankruptcy Code. It has also taken the step of suing the engine maker for INR80 billion rupees (USD977.2 million) in damages at the Singapore International Arbitration Centre (SIAC), it said.

https://www.ch-aviation.com/portal/...-first-files-for-insolvency-sues-pw-for-977mn

 

[Someone]

Re: GoAir blir GoFrist

De skal ha fått kreditorbeskyttelse

https://www.ch-aviation.com/portal/...rst-gains-creditor-protection-lessors-anxious

The National Company Law Tribunal in New Delhi granted Go First (G8, Mumbai International) bankruptcy protection from its creditors on May 10, a decision that should help the low-cost carrier restructure its business but will hamper the efforts of lessors to repossess their aircraft.

 

[Someone]

Er leasingselskapene nok en gang i ferd med å gå på en smell i India, for noe som nærmest kan kalles lureri?

https://economictimes.indiatimes.co...rst-crisis-in-india/articleshow/100172414.cms

The world's second largest aircraft lessor, SMBC Aviation Capital, has warned that India's decision to block leasing firms from reclaiming Go First planes will jolt the market and spark a confidence crisis, legal papers show.

 

[Someone]

De har nå fått en måned på seg for å komme med en plan for å restarte selskapet

https://www.ch-aviation.com/portal/news/128103-indias-gofirst-given-30-days-to-submit-restart-plan

India's Directorate General of Civil Aviation (DGCA) has requested that Go First (G8, Mumbai International) submit a comprehensive restart plan within 30 days and ahead of any relaunch of flights.

 

[Someone]

Et steg nærmere gjenoppstart?

https://www.ch-aviation.com/portal/news/129033-indias-go-first-secures-lenders-support-for-restart

Creditors of Go First (G8, Mumbai International) have approved in principle finance of INR4.25 billion rupees (USD51.8 million) to relaunch the airline, according to India's Mint outlet. However, the financial lifeline remains subject to approval from the lending banks.

 

[Someone]

Nok engang opplever leasingselskapene at deler plukkes fra flyene deres i India

https://www.ch-aviation.com/portal/...f-parts-from-parked-planes-at-indias-go-first

Irish lessor ACG Aircraft Leasing wants Go First (GOW, Mumbai International) to replace missing parts on its aircraft placed at the airline and also wants around-the-clock security for its aircraft, according to a Reuters report.

 

[Someone]

Da går det mot likvidering av selskapet, omsider vil noen si. Ennå er det svært mange av flyene deres som ikke har fått nye opertører, og er nok ikke bare pga de står i India med feil på P&W motorene.

https://www.ch-aviation.com/news/143303-indias-go-first-to-be-liquidated

The committee of creditors (CoC) of Go First (GOW, Mumbai International) has voted to liquidate the insolvent carrier after offers to buy it fell short of expectations, according to multiple Indian news reports. An insolvency application will be filed at the National Company Law Tribunal (NCLT), a specialist bankruptcy court, on August 5, 2024.

 

[Someone]

Da går det mot likvidering av selskapet, omsider vil noen si.

Ting tar tid, men kanskje nå?

https://www.ch-aviation.com/news/149462-tribunal-orders-liquidation-of-indias-go-first

India's National Company Law Tribunal (NCLT) has approved the liquidation of Go First (Mumbai International). The country's specialist bankruptcy court ruled in favour of a recommendation from the committee of creditors during a January 20, 2025, hearing. The defunct airline, owned by Wadia Group, has debts of approximately INR110 billion rupees (USD1.27 billion).