Competition Commission of India (CCI) has issued a show cause notice to the parties with respect to the proposed merger of Tata Group airlines Vistara and Air India, according to a source. The fair trade watchdog issues...
NCLT adjourns the Wilmington Trust insolvency plea against SpiceJet
The National Company Law Tribunal, in the petition filed by aircraft lessor Wilmington Trust SP Services (Dublin) Ltd for initiating the corporate insolvency resolution process, adjourned the matter on Monday. The...
Lenders take full control of Go First resolution process, replace key bankruptcy officials
Lenders to Go First Airlines are seeking to take full control of the carrier’s resolution process at the National Company Law Tribunal (NCLT), having replaced key bankruptcy-related officials appointed by the...
Aircraft lessor Wilmington moves NCLT to begin insolvency proceedings against SpiceJet
Aircraft lessor Wilmington has moved the National Company Law Tribunal (NCLT) to start insolvency proceedings against SpiceJet, news agency ANI reported on June 11. The case will be heard on June 12 at Delhi NCLT. In...
NCLT accepts Delhivery notice citing Go First’s insolvency as ‘fraudulent’
The National Company Law Tribunal (NCLT) Thursday accepted Delhivery’s notice seeking a declaration of Go First’s voluntary insolvency resolution as “fraudulent and malicious.” It gave the...
NCLT admits pleas from Go First lessors
The National Company Law Tribunal (NCLT) on Monday admitted applications filed by Go First lessors Jackson Square Aviation Private Ltd and Engine Lease Finance BV and directed the insolvency resolution professional...
Boeing looks to sell at least 150 737 Max jets to Riyadh Air – Bloomberg News
Boeing Co is working on a deal to sell at least 150 737 Max jetliners to Saudi Arabian startup Riyadh Air, Bloomberg News reported on Sunday. The new carrier, wholly owned by Saudi Arabia’s Public Investment Fund...
Jet Airways insolvency: NCLAT grants Jalan Kalrock more time to pay dues to lenders
National Company Law Appellate Tribunal (NCLAT) on Friday decided to pitch for early revival of grounded airline Jet Airways. To facilitate the same, the appellate tribunal has decided to give more time to to the...
In relief for Go First, NCLAT upholds insolvency decision
Lessors’ attempt to repossess aircraft from bankrupt airline Go First received a blow as the National Company Law Appellate Tribunal (NCLAT) upheld an order passed by National Company Law Tribunal (NCLT) admitting...
US weighs suit against Korean Air’s planned acquisition of Asiana – Politico
The U.S. Justice Department is considering suing to block Korean Air’s planned acquisition of Asiana Airlines, Politico reported on Thursday. The U.S. Department of Justice has been investigating the November 2020...
Virgin Orbit enters $17 million ‘stalking horse’ bid to sell aircraft assets
Bankrupt satellite launch company Virgin Orbit said it entered into a “stalking horse” agreement with Stratolaunch to sell mainly its aircraft assets, including the “Cosmic Girl” carrier...
Colombia’s Avianca backs down from Viva Air merger
Colombia’s flagship airline Avianca is backing down from a merger with Viva Air, blaming conditions set by the country’s aviation regulator, the company announced Saturday. In a statement, Avianca said...
