The Delhi High Court on Friday directed the civil aviation regulator to deregister planes leased to Go First within five working days, giving respite to the lessors. This means that the airline will have to give back all 54 aircraft to the lessors if its resolution professional (RP) does not challenge the order or ask […]
Day: April 27, 2024
Go First: Busy Bee Airways to evaluate position after reviewing court order
With the Delhi High Court allowing lessors to take back 54 planes leased to bankrupt Go First, joint bidder Busy Bee Airways’ Nishant Pitti on Friday said he will consider any necessary adjustments to its proposed offer for the airline after reviewing the court order. Busy Bee Airways, along with SpiceJet chief Ajay Singh, has […]
IndiGo’s wide-body aircraft order augurs well for Indian aviation: CRISIL
Budget carrier IndiGo’s decision to acquire wide-body planes augurs well for the Indian aviation industry as international long-haul routes are comparatively more profitable and will also help in creating an aviation hub in the country, according to rating agency CRISIL. Till January last year, IndiGo operated single-aisle Airbus aircraft fleet and in February 2023, it […]
Delhi HC allows request by Go First lessors for aircraft deregistration
The Delhi High Court on Friday directed the Directorate General of Civil Aviation (DGCA) to forthwith process the applications filed by several lessors for deregistration of their 54 planes so that they could take them back from the crisis-hit Go First airline. The high court said the process shall be done in not later than […]
GMR Airports Infrastructure shoots up by 8% on healthy business outlook
Shares of GMR Airports Infrastructure shot up 8.2 per cent at Rs 92.34 a piece on Friday’s intraday trade. A combined 3.07 million shares of the company changed hands on the BSE. In comparison the S&B BSE Sensex fell by 0.31 per cent 74,109 levels. The stock of GMR Airports reached a 52-week high of […]
Shaurya Aeronautics, Russian firm awarded management of Matta airport
A joint venture between an Indian and a Russian firm have been awarded the management of Sri Lanka’s Mattala Rajapaksa International Airport in Hambantota, the government spokesman said on Friday. The $209 million facility was once dubbed the “world’s emptiest airport” due to a lack of flights. The Sri Lankan Cabinet, which met on January […]
IndiGo hits record high on placing $5 bn order for 30 wide-body aircraft
Shares of IndiGo climbed as much as 3.76 per cent to hit an intraday high of Rs 3,958.65 apiece, on Friday. The boost came after the company’s announcement of venturing into the wide-body space with an order placement for 30 Firm A350-900 aircraft. These A350-900s will be equipped with Rolls Royce’s Trent XWB engine. The […]