Go Air

They want to be sure which entities used the loans granted by them to the airline: Sources

Go First's is offering fares from Rs 1,022 and IndiGo from Rs 1,122

A statement issued by Go First (erstwhile GoAir) said that the flight G8 873 from Bengaluru to Patna was diverted to Nagpur due to a 'faulty engine warning in the cockpit'

Airline major Go First has started a 16 per cent discount offer on airfare for passengers of both domestic and international flights to mark the completion of its 16 years of operations.

It's a bold bet by Jhunjhunwala, in a market that has seen some airlines collapse in the face of intense fare wars and high costs. Here's all you need to know about the new airline

Budget carrier Go Airlines, which has rebranded itself as 'Go First', has received market regulator Sebi's go-ahead for an initial public offer worth Rs 3,600 crore.

Airline says it is adequately funded till end of the year, listing will 'not be derailed'.

Airlines is depending on the IPO proceeds to repay debt and dues to creditors including Indian Oil Corp.

Issuance of observations by Sebi implies approval for a public offering

Go First was previously known as GoAir

Compared with other major countries during Covid-19, domestic airlines have precariously stayed the course

Wadia group backing helps airline negotiate with BNP Paribas, aircraft lessors

Except Bombay Dyeing and Manufacturing Company, all other Group stocks are seeing downside pressure

Go Air's debut on the exchanges may not trigger a re-rating for incumbent players, believe analysts, who expect turbulent times for the sector in the foreseeable future coupled with high valuations

With this credit line, the airline will not need to recast its loans

Their handling of employees as the Covid-19 crisis played out revealed the true character of aviation sector players

The low-cost airline has sent 90% of its employees on leave without pay till 4 May

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Airlines flew 12.7 million passengers last month com­pared to 12.5 million passengers on YoY basis.

"There were 158 passengers on board. The aircraft is currently being attended to by the GoAir engineering team," he added