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Go First, founded as GoAir, was an Indian low-cost airline based in Mumbai, Maharashtra. It was owned by the Indian business conglomerate the Wadia Group . It commenced operations on 4 November 2005 and operated a fleet of Airbus A320 aircraft in an all economy configuration.
GOAIR: 2021: 2023: Liquidated Handley Page Indo-Burmese Transport [6] First airline in present-day India, operated in the early 1920s Himalayan Air Transport & Survey [7]
On September 27, in a pretrial hearing, Faris preliminarily ruled that Mesa had misused confidential information in setting up Go!, and failed to return or destroy confidential data acquired during the bankruptcy proceedings. "The misuse was a substantial factor in Mesa's decision on entering the Hawaii market," said Faris. [16]
One major element in almost every airline bankruptcy is the rejection by the debtor of its current collective bargaining agreements with employees. After satisfying certain requirements, bankruptcy law permits courts to approve the rejection of labor contracts by the debtor-employer. With this tool, airline managers reduce costs.
Air Vanuatu filed for bankruptcy protection on Friday a day after the South Pacific state-owned carrier cancelled all international flights, stranding thousands of travelers. The airline on ...
Spirit Airlines stock plunged 59% on Wednesday as the budget airline explores a deal with creditors to restructure its debt amid a reported threat of bankruptcy after merger talks with Frontier ...