INSUBCONTINENT EXCLUSIVE:
operations.
The airline temporarily halted operations on May 2, and its insolvency plea was admitted by the National Company Law Tribunal
additional funding would require approval from respective bank boards
This will happen once the DGCA clears the plans.
The additional funds would be treated as interim finance, which has priority over all
other debt under the insolvency process
daily flights with 22 aircraft
The airline also plans to operate charter flights for defence forces in the initial phase.
Ajmera and senior executives have also apprised
DGCA officials about their efforts to restart operations, and addressed their concerns
On March 30, it secured interim relief from the Singapore International Arbitration Centre, which directed P-W to supply the airline with a
serviceable spare leased engines within 28 days of the order and further 10 spare leased engines each month until December.
P-W and Go
said the airline has no right over engines
Go First is opposing P-W's application before SIAC citing its revival efforts, it has been learnt.
