Go First has filed its petition below Section 10 of the Insolvency and Bankruptcy Code to provoke insolvency in opposition to itself. (Reuters)
Many pilots of cash-strapped Go First, which has filed for voluntary insolvency decision proceedings, are additionally trying for different alternatives, together with at Air India
Air India has acquired an amazing response for its recruitment drive for pilots and has obtained greater than 700 purposes prior to now week, amid the Go First disaster. The Tata-owned Air India, which at present has greater than 1,800 pilots, has positioned orders for 470 plane with Boeing and Airbus, together with for wide-body planes.
On April 27, the provider issued an commercial for greater than 1,000 pilots. It is trying for captains, first officers and trainers throughout A320, B777, B787 and B737 fleet. In an announcement this week, an Air India spokesperson mentioned the airline has acquired an amazing response to its recruitment commercial for pilots launched late final week.
“The recruitment of pilots is in preparation for the augmented massive fleet of 470 plane. We have already acquired over 700 purposes in the previous few days as response to the commercial which is below course of. As a continuation of this recruitment course of we’re conducting walk-in interviews in Mumbai, Delhi and Bengaluru,” it mentioned.
Many pilots of cash-strapped Go First, which has filed for voluntary insolvency resolution proceedings, are also looking for other opportunities, including at Air India, according to industry sources, according to a PTI report.
Tata Group has four airlines — Air India, Air India Express, AIX Connect and Vistara, which is a joint venture with Singapore Airlines. The group is in the process of merging Air India Express and AIX Connect as well as Vistara with Air India.
The Wadia group-owned carrier has filed a plea for voluntary insolvency resolution proceedings before the National Company Law Tribunal (NCLT) and the tribunal reserved its order on Thursday.
Go First has filed its petition under Section 10 of the Insolvency and Bankruptcy Code to initiate insolvency against itself. The plea is different from Sections 7 and 9 where the financial and operational creditors, respectively, take the corporate debtor to the National Company Law Tribunal (NCLT) in case of default in payment of dues.
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