Page 11 - Civil Aviation
Here's why airlines keep folding in India's booming aviation market
The lure of aviation has proven particularly attractive - and brutal - for wealthy entrepreneurs, eager to enter a burgeoning sector and wooed by the status of owning an airline
 "Here's why airlines keep folding in India's booming aviation market")
Go First extends flight cancellations till May 12, awaits NCLT's order
The extension comes as the National Company Law Tribunal reserved its order on Go First's plea for an interim moratorium
 "Go First extends flight cancellations till May 12, awaits NCLT's order")
Lessors seek deregistration of 23 Go First planes to secure their assets
Go First has 54 Airbus aircraft in its fleet and 26 of them were in operation until Tuesday when the airline filed its insolvency application
 "Lessors seek deregistration of 23 Go First planes to secure their assets")
Lessors oppose Go First's insolvency resolution plea; NCLT reserves order
Airline seeks interim moratorium
DGCA asks Go First to refund passengers; airline scraps flights till May 9
Airline has filed for bankruptcy, blames engine supplier Pratt & Whitney for cash crunch
 "DGCA asks Go First to refund passengers; airline scraps flights till May 9")
Go First losses exceed combined profit of listed Wadia group firms
Accumulated losses at Go First go beyond net worth of other group firms
 "Go First losses exceed combined profit of listed Wadia group firms")
Go First saga: The engine dispute at the heart of bankruptcy filing
(Reuters) - Cash-strapped Indian airline Go Airlines (India) Ltd, recently rebranded as Go First and previously as Go Air, filed for bankruptcy on Tuesday, blaming "faulty" Pratt & Whitney engines for the grounding of about half its fleet.
'Tough times': Go First staff hopes airline survives, scouts for options
Some pilots of troubled airline have joined airlines in West Asia in recent weeks and others have approached IndiGo
 "'Tough times': Go First staff hopes airline survives, scouts for options")
Go First bankruptcy: IndiGo, SpiceJet good momentum plays, say analysts
Apart from IndiGo, Tata group-owned Air India, could be the second key beneficiary given its strong fleet and balance-sheet strength
 "Go First bankruptcy: IndiGo, SpiceJet good momentum plays, say analysts")
Doing everything possible with utmost care for employees: Go First CEO
Go First chief Kaushik Khona has told employees that the airline has been crippled by recurring Pratt & Whitney engine troubles and assured that the carrier is doing everything possible to navigate the situation with utmost care and concern for all staff. The no-frills carrier has filed an application for voluntary insolvency proceedings and has also cancelled all its flights for three days starting Wednesday. In a message to employees late on Tuesday, Khona said that a terrible crisis has been created by Pratt & Whitney's failure to supply engines. For more than 12 months, the airline's management has tried their level best to convince P&W to provide spare engines, repair engines. However, P&W has been stonewalling the discussions, the CEO said, adding that it moved Emergency Arbitration in Singapore. According to the airline, the arbitrator ordered P&W to supply at least 10 serviceable spare leased engines by April 27 and a further 10 spare leased engines per ...
 "Doing everything possible with utmost care for employees: Go First CEO")
Go First saga begins to hit passengers with flights diverted, cancelled
Three flights diverted from Mumbai eventually return after getting clearance to land
 "Go First saga begins to hit passengers with flights diverted, cancelled")
Go Airlines' lenders may meet on Wednesday to plan further course of action
As of April 30, the company had not defaulted on any of these dues, Go First said in a filing
Go First bankruptcy seen helping rivals, boosting airfares in India
Shares of India's largest airline IndiGo rose by more than 8% on Wednesday, a day after cash-strapped airline Go First filed for bankruptcy, blaming "faulty" Pratt & Whitney engines
 "Go First bankruptcy seen helping rivals, boosting airfares in India")
Top Headlines: Go First's bankruptcy, extension on Adani row probe and more
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Go First Airways owes financial creditors $798 mn, shows bankruptcy filing
Lenders were not aware of the airline's plans to file for voluntary insolvency and will meet soon to take stock of the situation, the report said
Airlines carried 9,593 more domestic fliers per day in April, shows data
International air passenger traffic down 1% ahead of May tourist season
 "Airlines carried 9,593 more domestic fliers per day in April, shows data")
India emerging as key aviation market, air travel grows: IATA report
India has been the top domestic market measured by PLF for the last four months
India to join international climate action in civil aviation from 2027
Among them are a two per cent annual fuel efficiency improvement through 2050, carbon neutral growth and net zero by 2050. The ICAO has clubbed them under CORSIA and LTAG
 "India to join international climate action in civil aviation from 2027")
Lack of planes, customers willing to pay more to keep flying expensive
As many as 16,000 aircraft - about two-thirds of the world's commercial fleet - was grounded at the height of the pandemic
 "Lack of planes, customers willing to pay more to keep flying expensive")
Regional airline Fly91 receives govt approval, targets Oct launch
Goa-based carrier is promoted by former executives of Fairfax and Kingfisher
 "Regional airline Fly91 receives govt approval, targets Oct launch")