Go First Revival Uncertain

02 May 2024 CW Team

The prospects of Go First's revival are diminishing as lenders and potential bidders clash over the airline's valuation. The dispute highlights challenges in reaching consensus on the financial restructuring and acquisition of the budget carrier.

Efforts to revive Go First, formerly known as GoAir, have been complicated by disagreements between lenders and interested investors regarding the airline's worth. These differences in valuation have stalled negotiations and cast uncertainty over the airline's future.

Go First, like many other airlines, has faced significant challenges due to the COVID-19 pandemic, including reduced demand for air travel and financial strain. The airline's revival is seen as crucial for the aviation industry's recovery and the preservation of jobs.

However, the impasse between lenders and bidders raises concerns about the viability of Go First's restructuring plan and the likelihood of a successful acquisition. The disagreement over valuation underscores the complexities involved in restructuring distressed airlines and attracting investment in the current economic climate.

The outcome of negotiations between lenders and potential bidders will have far-reaching implications for Go First's employees, passengers, and the aviation sector as a whole. The resolution of the valuation dispute will determine whether the airline can secure the necessary funding and support for its revival efforts.

As stakeholders continue to grapple with these challenges, the future of Go First remains uncertain, with the possibility of further delays and complications in the airline's restructuring process.

Infrastructure Urban

05 Nov 2025

TBO Tek Q2 Profit Climbs 12%, Revenue Surges 26% YoY

TBO Tek Limited one of the world’s largest travel distribution platforms, reported a solid performance for Q2 FY26 with a 26 per cent year-on-year increase in revenue to Rs 5.68 billion, reflecting broad-based growth and improving profitability.The company recorded a Gross Transaction Value (GTV) of Rs 8,901 crore, up 12 per cent YoY, driven by strong performance across Europe, MEA, and APAC regions. Adjusted EBITDA before acquisition-related costs stood at Rs 1.04 billion, up 16 per cent YoY, translating into an 18.32 per cent margin compared to 16.56 per cent in Q1 FY26. Profit after tax r..

Northern Graphite, Rain Carbon Secure R&D Grant for Greener Battery Materials

Northern Graphite Corporation and Rain Carbon Canada Inc, a subsidiary of Rain Carbon Inc, have jointly received up to C$860,000 (€530,000) in funding under the Canada–Germany Collaborative Industrial Research and Development Programme to develop sustainable battery anode materials.The two-year, C$2.2 million project aims to transform natural graphite processing by-products into high-performance, battery-grade anode material (BAM). Supported by the National Research Council of Canada Industrial Research Assistance Programme (NRC IRAP) and Germany’s Federal Ministry for Economic Affairs a..

Antony Waste Q2 Revenue Jumps 16%; Subsidiary Wins Rs 3,200 Cr WtE Projects

Antony Waste Handling Cell Limited (AWHCL), a leading player in India’s municipal solid waste management sector, announced a 16 per cent year-on-year increase in total operating revenue to Rs 2.33 billion for Q2 FY26. The growth was driven by higher waste volumes, escalated contracts, and strong operational execution.EBITDA rose 18 per cent to Rs 570 million, with margins steady at 21.6 per cent, while profit after tax stood at Rs 173 million, up 13 per cent YoY. Revenue from Municipal Solid Waste Collection and Transportation (MSW C&T) reached Rs 1.605 billion, and MSW Processing re..