Amid concerns of lessors in the wake of Go First insolvency proceedings, aircraft maker Airbus on Thursday said the industry hopes the government will expedite the alignment of domestic laws with international conventions and treaties. With the initiation of insolvency resolution proceedings for Go First following the crisis-hit airline's plea and subsequent moratorium, lessors are unable to take back their aircraft leased to the carrier. Against this backdrop, President and Managing Director of Airbus India and South Asia Remi Maillard mentioned the alignment of domestic laws with international conventions. "The industry hopes the government will expedite the alignment of domestic laws with international conventions and treaties...," Maillard said. He is also the Chairman of industry body Ficci's civil aviation committee. So far this month, lessors have approached the Directorate General of Civil Aviation (DGCA) for the deregistration of 45 Go First planes and five SpiceJet plane
(Reuters) - India's Go Airlines said on Monday it needed an emergency arbitration in its dispute with engine maker Pratt & Whitney to be enforced in Delaware to prevent it from going out of business.
Go First approached the Delaware court after it won an arbitration order in Singapore against Pratt & Whitney, which it said failed to supply engines on time
This is the first time an Indian airline has voluntarily sought bankruptcy protection to renegotiate its contracts and debts
Pratt, a unit of Raytheon Technologies, has previously said the Go First matter is being considered by law courts.
The airline, widely known as Go First, filed for bankruptcy protection last week, blaming "faulty" Pratt & Whitney engines for the grounding of about half its 54 Airbus A320neo planes
"Big-5 grew not just at the expense of the smallest firms, but also of the next largest firms," Viral Acharya wrote
Lessors have moved application to repossess aircraft during legal proceedings, says company's lawyer
'Why not cancel your licence?' regulator asks Go First which has filed for insolvency
The celebrated engine-maker has landed in a controversy with Go First blaming it for its bankruptcy
Go has been facing financial challenges for a long time now. Earlier, it had sent its employees on long unpaid leaves
Engines are not the only problem for Go First
SpiceJet has 31 planes in 'storage', has mobilised around Rs 400 cr for getting them back in the air
Apart from IndiGo, Tata group-owned Air India, could be the second key beneficiary given its strong fleet and balance-sheet strength
A committee on bio-aviation turbine fuel programme, constituted by the petroleum & natural gas ministry, has submitted its report on promoting the use of clean fuel in aviation, the civil aviation ministry said on Friday, as it listed out various initiatives being taken to reduce carbon emissions. On Friday, the consultative committee of the civil aviation ministry, chaired by civil aviation minister Jyotiraditya Scindia discussed Sustainable Aviation Fuel (SAF) during a meeting that was attended by several Parliamentarians. The International Civil Aviation Organization (ICAO) is facilitating reduction of carbon emissions in civil aviation and its goals include achieving two per cent annual fuel efficiency improvement through 2050. India has committed to net zero by 2070 at COP26 to the United Nations Framework Convention on Climate Change (UNFCCC). "The Ministry of Petroleum & Natural Gas (MoPNG) has notified a National Policy on Bio Fuels 2018 to realise the goal of ...
Boeing has clarified that the planes already in service will not have an impact since this is not an immediate flight safety issue
A DGCA official stated that the minimum period of licence suspension in 2022 was one month and the maximum was three years
Category 1 status means that airlines of the country concerned can operate and expand their services to destinations in the US and can codeshare with US carriers
Interestingly, only 28% of the respondents felt that PDA was unacceptable
Union Minister Jyotiraditya M Scindia on Tuesday said the country's infrastructure sector is growing at a significant pace in areas such as roads, highways and civil aviation. Scindia, who is in charge of the ministries of civil aviation and steel, was speaking at the 8th National Leadership Conclave organised by the All India Management Association (AIMA) in the national capital. The government's thrust is on development of infrastructure and related sectors in the country. The PM Gati Shakti master plan is going to change the face of India's infrastructure, he said. "The infrastructure sector has had tremendous potential in driving the economic destiny of any country. If you look at the developed nations, their success has been driven by impetus on infrastructure. Therefore, there is the much needed impetus on infrastructure," he said. According to him, the country has made significant progress in the areas of roads, highways, railways and civil aviation, among other areas. When