As the airline unveils its vision for SpiceJet 3.0 , a bold initiative aimed at bringing 25 grounded planes back into operations, it has garnered significant interest from potential investors. Reportedly, 64 entities are keen on investing in SpiceJet, showcasing confidence in the airline s future prospects.
Prior to this notification, when an airline filed for insolvency, moratorium would apply and the lessor would not have been able to take back leased aircraft and helicopters from the company immediately, owing to ambiguity in law. The exemption from moratorium changes that.
The government s notification to exempt transactions involving aircraft, aircraft engines, and helicopters from moratorium coincides with the ongoing insolvency proceedings of Go First.
The government s notification to exempt transactions involving aircraft, aircraft engines, and helicopters from moratorium coincides with the ongoing insolvency proceedings of Go First.
Logistics courier Delhivery has sought a declaration from the National Company Law Tribunal that Go First s voluntary insolvency resolution was fraudulent and malicious.