SpiceJet said it would make the offer after conducting due diligence on Go First’s resolution professional, said the official involved in conducting airline’s insolvency process.
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.
Under current regulation, airfares aren't regulated by govt or DGCA. On 5 June, civil aviation minister Jyotiraditya Scindia told airlines to keep fares on particular routes 'within limit'.
Civil aviation minister also said that airlines must proactively monitor their fares rather than wait for govt to step in. He attributed surge to seasonal demand, capacity squeeze.
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.
By Aditya Kalra NEW DELHI (Reuters) - India's aviation watchdog has put on hold requests from lessors to repossess planes from airline Go First as the carrier's bankruptcy process imposes a freeze on
National Company Law Tribunal will decide whether lessors who terminated their leases before the bankruptcy proceedings began can repossess their aircraft.
Go Airlines has approached a court in Delaware to enforce an arbitration order made in Singapore in March, which ordered Pratt to assist the airline & supply serviceable spare engines.
On 28 December 2003, Dr APJ Abdul Kalam delivered an address to mark the 50th anniversary of the UGC in New Delhi, outlining the role of the education sector and universities in national development.
Trade tensions with US have raised concerns, prompting the Modi govt to overhaul labour laws and cut consumption tax to spur domestic demand. The Budget will build on those steps.
NSE CEO Ashishkumar Chauhan was speaking at Off The Cuff event hosted by ThePrint's Editor-in-Chief Shekhar Gupta. He said that NSE, on average, sees 20 crore cyberattacks each day.
The key to fighting a war successfully, or even launching it, is a clear objective. That’s an entirely political call. It isn’t emotional or purely military.
COMMENTS