Go First

An organization of major lessors has once again downgraded its risk assessment for India as the dispute over Go First’s leased aircraft drags on.

The CEO of grounded Indian carrier Go First has stepped down, as the prospects of the airline’s revival appear to be fading.

A lack of domestic engine MRO capability is cited as a factor in holding back the country's aftermarket segment.

Emirates plans to reveal further orders taking fleet plans into the 2030s, but new players like Riyadh Air and a revived Indian aviation sector are emerging.

A new ruling by an Indian ministry is expected to give lessors more confidence in placing aircraft in this market.

India has belatedly amended its insolvency law to exclude leased aircraft from assets that can be frozen in line with the 2001 Cape Town Convention.

The ruling by India’s Ministry of Corporate Affairs (MCA) reinforces the ability of lessors to reclaim their aircraft when an airline declares insolvency.

As airlines scramble for capacity, lessors enjoy much higher rates and predict the good times are here to stay.

While the notice does not mention it, the ministry’s action was almost certainly due to the dispute between embattled Indian carrier Go First and its lessors.

India’s aviation regulator has granted Go First in-principle permission to restart operations, but many conditions still have to be fulfilled.

Potential investors have been invited to express interest in Indian LCC Go First, with prospective bidders asked to submit expressions of interest by Aug. 9.

In the latest round of legal decisions, Delhi’s High Court approved a request by lessors to be able to maintain their aircraft while they are grounded.

An Indian court has rejected efforts by lessors to overturn a moratorium placed on the reclamation of aircraft operated by Go First.

A large number of Airbus A320neos, A220s and Embraer E2 aircraft are parked as Pratt & Whitney struggles with retrofits and engine supply.

SpiceJet stated categorically that “it has no plans whatsoever to file for insolvency.”

What's behind the grounding of scores of airplanes and how Pratt is working to fix it.

An Indian court has accepted Go First’s voluntary bankruptcy application, which will likely protect its aircraft from reclamation from lessors.

Go First filed for bankruptcy protection on May 2, and the case is being considered by the National Company Law Tribunal (NCLT).

Troubled Indian carrier Go First has plans to resume operations despite filing for bankruptcy protection.

The carrier estimates it has lost INR108 billion ($1.3 billion) in revenues and additional expenses due to the engine-related groundings.

While both PW1000G and CFM Leap customers are seeing issues, the problems are far more widespread in the Pratt fleet.