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.

"Join industry leaders at RAHSTA Expo, India's premier platform for roads, highways and traffic infrastructure. Register now to explore innovations, network with experts and shape the future of mobility."

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.

Real Estate

26 Jun 2026

AGM Vijaylaxmi launches Sixty3 W.E. Bizpark

AGM Vijaylaxmi Group has launched Sixty3 W.E. Bizpark, a mixed-use commercial development in Goregaon East, Mumbai. The project includes contemporary office spaces and a high-street retail component designed to support businesses, retailers and professionals.Located along the Western Express Highway, Sixty3 W.E. Bizpark is planned as a G+25-storey commercial tower. It offers office spaces ranging from 545 sq ft to 3,200 sq ft, with a 3.60 metre floor-to-floor height aimed at improving spatial comfort, natural light and operational efficiency.The project features a high-street retail boulevard ..

Real Estate

26 Jun 2026

Manglam Group to Develop Sheraton Hotel in Jaipur

Manglam Group has signed an agreement with Marriott International to develop a Sheraton hotel on the Jaipur–Ajmer Highway in Jaipur. The project will feature 220 keys and is being developed with an investment of around Rs 3.5 billion across more than 300,000 sq ft.The hotel marks Manglam Group’s third collaboration with Marriott International and forms part of its Rs 10 billion hospitality investment roadmap. The agreement was signed by Amrita Gupta, Director, Manglam Group and CEO, Manglam Spa and Resorts, and Rajeev Menon, President, Asia Pacific excluding Greater China, Marriott Interna..

Infrastructure Urban

26 Jun 2026

India Warehousing Show 2026 opens at YashoBhoomi

India's warehousing, logistics, and supply chain ecosystem came together as the 15th edition of India Warehousing Show (IWS) 2026 opened at YashoBhoomi, India International Convention & Expo Centre (IICC), Dwarka, New Delhi on June 25 (Thursday). Organised by RX India, the three-day event will run from 25-27 June 2026, bringing together policymakers, industry leaders, technology providers, and supply chain professionals under one roof. It also features a two-day knowledge conference that will run alongside the exhibition. Inaugurated by Pankaj Kumar, Joint Secretary - Logistics, DPIIT..