Rakesh Gangwal, his wife Shobha Gangwal, and their family trust, all members of the promoter group, owned approximately 34% of the airline in December 2022.
The company will formally withdraw the case on March 1, 2024.
Bidders for Go First airline are optimistic about receiving a $300 million arbitral award from engine-maker Pratt & Whitney (P&W).
In January, SpiceJet received the first tranche of funds, amounting to ₹744 Crore, through the allotment of securities on a preferential basis
Adani Airport Holdings (AAHL) manages seven airports in India.
SpiceJet's Board of Directors approved the distribution of 4.01 crore equity shares to two investors.
On October 1, the government increased the price of jet fuel, or ATF, by 5%, marking the fourth consecutive monthly increase since July.
Vistara CEO Vinod Kannan anticipates regulatory approvals for the Air India-Vistara merger by April 2024
The lessors have determined that the airline's equity stake is worth Rs 48 per equity share.
Starting from August 5, 2023, IndiGo will commence accepting bookings for daily direct flights.
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