A tail strike occurs when an aircraft's tail makes contact with runway during take-off or landing. IndiGo saw 4 tail strikes in 6 months, resulting in fine last week from DGCA.
The aviation regulator's decision came at a time when the airline was in the process of settling dues with various lessors who were seeking repossession of its aircraft.
Go First had stopped flight operations in May. DGCA says it can now resume but after fulfilling conditions like getting its flight schedule approved & making interim funding available.
Go First was granted bankruptcy protection on 10 May and the lessors argue that it has no rights over planes as the leases were terminated by leasing firms.
Go First has been given 15 days to reply to the notice, following which a decision on the continuation of their Air Operators Certificate (AOC) would be taken.
Wadia Group-owned Go First said in petition to NCLT that it owes Rs 11,463 cr to creditors & that its assets 'are not sufficient to meet its liabilities'.
DGCA says it examined Go First's response & is committed to minimising passenger inconvenience in view of abrupt decision to suspend scheduled operations without prior intimation.
Go First says its promoters have infused Rs 6,500 crore in airline since its inception & it has sought compensation of Rs 8,000 crore from engine maker Pratt & Whitney.
Is there a place for a counter-bureaucracy, or a separate and competing bureaucracy to counterbalance the force of the executive’s bureaucracy, asked author MH Mody in 1980.
With bad loans shrinking & capital buffers stronger, urban co-op banks’ new umbrella body NUCFDC is now prioritising rollout of digital transformation.
If deal goes through, Greece will be 2nd foreign country to procure vehicle. Morocco was first; TATA Group has set up manufacturing unit there with minimum 30 percent indigenous content.
Many of you might think I got something so wrong in National Interest pieces written this year. I might disagree! But some deserve a Mea Culpa. I’d deal with the most recent this week.
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