GoAir has, in the interim, lost rights and slots for international flights

28 May 2024 CW Team

An airline needs slots at both airports in order to begin flight operations, even once such flying rights are granted to it. The time and date that an airline's aircraft is allowed to take off or land at an airport is known as a slot. The committee that assigns the spots is made up of civil aviation ministry and DGCA officials, airport operators, and airlines, among others. The Civil Aviation Ministry made this decision in an effort to assist travellers by flight. With approval from the Centre, other airlines operating in the same industry can now formally maintain the rights of the bankrupt airline. Each week, nearly a new aircraft is added to the fleets of Tata Group companies IndiGo and Air India. Both AI Express and Akasa intend to expand quickly in spite of Boeing's problems with the B737 MAX, which is the aircraft that these two airlines have bought.

Nishant Pitti, the CEO of the online travel agency EaseMyTrip, had earlier said on Saturday that the business has chosen to forgo its acquisition proposal in order to focus on its areas of expertise. He emphasised that, in order to focus on their primary areas of strength, they had chosen to withdraw from the GoAir bid. Their focus remains on leveraging our expertise and resources to achieve sustainable growth and success.

Formerly owned by the Wadia group, Go First is involved in a lawsuit against P&W in the Singapore Court of Arbitration. The airline has filed for compensation, claiming that the failure of P&W engines caused it to ground several planes, leading to its bankruptcy.

As GoAir temporarily lost slots and international bilateral rights to other airlines, such as Air India and IndiGo, problems grew for the carrier. A bilateral air services agreement, which determines the maximum number of flights (or seats) each week that can be permitted to fly from one country to another, must be negotiated and signed by the airlines of that country in order for them to operate international flights to that other country. An airline needs slots at both airports in order to begin flight operations, even once such flying rights are granted to it. The time and date that an airline's aircraft is allowed to take off or land at an airport is known as a slot. The committee that assigns the spots is made up of civil aviation ministry and DGCA officials, airport operators, and airlines, among others. The Civil Aviation Ministry made this decision in an effort to assist travellers by flight. With approval from the Centre, other airlines operating in the same industry can now formally maintain the rights of the bankrupt airline. Each week, nearly a new aircraft is added to the fleets of Tata Group companies IndiGo and Air India. Both AI Express and Akasa intend to expand quickly in spite of Boeing's problems with the B737 MAX, which is the aircraft that these two airlines have bought. Nishant Pitti, the CEO of the online travel agency EaseMyTrip, had earlier said on Saturday that the business has chosen to forgo its acquisition proposal in order to focus on its areas of expertise. He emphasised that, in order to focus on their primary areas of strength, they had chosen to withdraw from the GoAir bid. Their focus remains on leveraging our expertise and resources to achieve sustainable growth and success. Formerly owned by the Wadia group, Go First is involved in a lawsuit against P&W in the Singapore Court of Arbitration. The airline has filed for compensation, claiming that the failure of P&W engines caused it to ground several planes, leading to its bankruptcy.

Infrastructure Urban

06 Apr 2026

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Infrastructure Energy

06 Apr 2026

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

Real Estate

06 Apr 2026

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..