The Ministry of Civil Aviation (MoCA) on Saturday asked airlines to monitor and take necessary action in case of any abnormal surge in airfares to and from Bhubaneswar, in view of the train accident in the state.Besides, the ministry said that any cancellation and rescheduling on flights due to the incident may be done without […]
Cash-strapped Go First, which is undergoing voluntary insolvency resolution process, plans to restart operations with 26 planes and 152 daily flights, and has submitted the revival plan to aviation regulator DGCA, according to a source. Besides, the airline is in discussions with lenders for funds to meet the working capital requirements. The airline stopped flying […]
Air India has relaxed the new norm related to the accumulation of privilege leaves for those employees retiring in the current and next financial years.In March, the Tata Group-owned carrier revised its policy with respect to privilege leaves for both permanent and full-term contract staff to align the policy with prevailing market conditions. From April […]
Boeing Co has started delivering reworked 737 jets to customers after a manufacturing snafu forced a brief halt but the top end of its full-year free cash flow forecast was a “bit pressured”, its finance chief said on Thursday. The resumption should help achieve the goal of 400-450 deliveries of the jet this year, a […]
The National Company Law Appellate Tribunal (NCLAT) on Wednesday directed three aircraft lessors of Go First to approach NCLT over their claims for possession of aircraft, whose leases were terminated by them prior to initiation of insolvency proceedings against the Wadia group entity. The appellate tribunal directed Accipiter Investments Aircraft 2, Eos Aviation 12 (Ireland) […]