The May 2 decision of Go First, India’s third-largest carrier, to suspend flights for two days—later extended till May 19—caught fliers, the aviation regulator and the Centre totally off guard. So did its move to file for voluntary insolvency proceedings before the Mumbai bench of the National Company Law Tribunal (NCLT). The company has cited the long delays in sourcing airworthy engines from the US aerospace major Pratt & Whitney as the reason behind the decision to go for insolvency, but experts say the real issues go far beyond engine troubles, and point to financial problems at the airline and systemic issues in Indian aviation that will see most airlines flying through a turbulent phase in the days ahead. Indian airlines have reported consolidated losses of close to $17 billion (Rs 1.4 lakh crore) since FY2010, says CAPA Advisory, an aviation consulting firm. On May 10, the NCLT admitted Go First’s plea, offering it protection against any immediate attachment of its assets by the company’s lessors and lenders.
この記事は India Today の May 22, 2023 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、8,500 以上の雑誌や新聞にアクセスしてください。
すでに購読者です ? サインイン
この記事は India Today の May 22, 2023 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、8,500 以上の雑誌や新聞にアクセスしてください。
すでに購読者です? サインイン
ARTS AND THE MAN
In his centenary year, F.N. Souza: The Archetypal Artist tries to make sense of the recurring themes in the artist’s work
The Reluctant Art Critic
Advertising executive, art critic and possible catalyst of the modern Indian art movement, Rudolf von Leyden was an intriguing figure in pre-Independence Bombay
PORTRAIT OF AN ARTIST & POET
ANINDYO ROY’S THE VICEROY’S ARTIST IS A FICTIONALISED ACCOUNT OF EDWARD LEAR’S TRAVELS IN INDIA
Lady of the Light
This artist has transformed the humble bulb into a thing of beauty
S'more to Think Of
Called Marshmallow, this penthouse in Gurgaon with soft curves and plush aesthetics stays true to its name
A Marvelous Melange
From stylish living quarters to multipurpose adaptive space, this home in Mumbai turns every nook into a showstopper
TECH MEETS TEXTURE
Smart fabrics and intelligent textiles are changing the way we view home furnishings
Refresh and Revive
That old table, those cabinets or even the console can be given a new lease of life, one that is tailor-made to the latest trends
Standout Spaces
Want dramatic interiors but don’t know how? This home in Mumbai becomes a lesson in learning the nuances of adding magic inside.
Vernacular Wise
Forget international brands and design, the beauty and simplicity of local materials and ancient techniques is gaining momentum