Go First lenders put Thane land on the block financialexpress.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from financialexpress.com Daily Mail and Mail on Sunday newspapers.
In a regulatory filing, SpiceJet confirmed that it has expressed interest in acquiring Go First, which is currently undergoing the corporate insolvency resolution process (CIRP) after it decided to voluntarily file for insolvency in early May.
Despite the aviation industry surpassing pre-COVID-19 levels, traffic under UDAN remains low. So, to speed up the launch of new routes and revive airports under UDAN, MoCA has sought a budgetary allocation of Rs 1,500 crore for 2024–25, the highest-ever allocation for the scheme.
The NCLT has asked the embattled airline to submit an action plan within the stipulated period of time. The tribunal said that if the airline fails to complete the resolution process in this 90-day period, it would initiate the liquidation of the company.