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...
NCLT admits Go First bankruptcy petition
A Delhi bankruptcy court admitted Go First’s request for insolvency, marking the beginning of a search for a buyer for the budget airline. The National Company Law Tribunal’s (NCLT’s) acceptance of Go First’s insolvency...
NCLT reserves order on Go Air
A National Company Law Tribunal principal bench has reserved its decision on a petition filed by Go First to initiate voluntary insolvency proceedings and an interim moratorium to prevent seizure of 26 aircraft with...
Go First makes exit, blames Pratt & Whitney for insolvency
The “ever-increasing” number of failing engines supplied by Pratt & Whitney has forced Go First to file for an insolvency resolution process before the Delhi bench of the National Company Law Tribunal...
Italy, Lufthansa extend exclusive talks on ITA Airways sale
Italy’s Treasury and Germany’s Lufthansa have agreed to extend exclusive talks over the sale of ITA Airways until May 12 from the previous deadline of April 24, a source close to the matter told Reuters on...
Adani’s acquisition of Air Works delayed
Adani Group’s proposed acquisition of maintenance, repair and overhaul (MRO) company Air Works has got delayed after a major shareholder in the target entity was forced into liquidation. Sources told ET that a...
