The Indian aviation sector is abuzz with excitement as bidding giants Ajay Singh, Chairman, and Managing Director of SpiceJet, in collaboration with Busy Bee Airways, and Sky One, led by Chairman Jaideep Mirchandani, compete to resurrect GoFirst Airlines from its grounded state. These bids, submitted to the Resolution Professional (RP) for consideration by the Committee of Creditors, signify a crucial step towards the potential revival of GoFirst.
SpiceJet’s bid to revive GoFirst outlines a comprehensive plan wherein the airline would serve as the operating partner for GoFirst, offering essential staff, services, and industry expertise. The collaboration aims to generate synergies between the two carriers, optimise resource allocation, and strengthen market positioning within the Indian aviation industry. Ajay Singh expressed optimism about revitalising GoFirst and leveraging its strengths for mutual growth and success.
On the other front, Sky One Chairman Jaideep Mirchandani affirmed the bid submission for GoFirst, citing the airline’s vast aviation experience across the globe as a testament to its confidence in the acquisition. Sky One’s interest in GoFirst stems from its coveted slots at domestic and international airports, international traffic rights, and substantial user base, making it a reliable investment opportunity.
A number of simultaneous events made Jan 2024 a nightmare for air travellers. These included the worst spell of fog that north India saw in years, airports in some other regions also affected by poor visibility and closure of the main CAT III runway at Delhi, leaving only one CAT III runway during the worst fog period. An aircraft delayed at any one of the north Indian airports-especially the biggest base Delhi-would have a cascading effect on all the other flights.
The bidding process comes amid GoFirst’s recent challenges, including difficulties with Pratt & Whitney engines that led to the airline’s voluntary insolvency application to the National Company Law Tribunal in May 2023. With a 60-day extension granted by the National Company Law Tribunal for GoFirst’s moratorium, potential investors have a window of opportunity to submit proposals for the carrier’s revival.While SpiceJet aims to leverage GoFirst’s brand recognition and existing infrastructure to drive growth, Sky One’s strategic acquisitions across the global aviation sector position it as a formidable contender in the bidding race. Sky One, headquartered in Sharjah, United Arab Emirates, offers a wide array of aviation services, including cargo charters, training, maintenance, repair, and overhaul (MRO).
As the Indian aviation industry braces for unprecedented growth, the bids from SpiceJet and Sky One signify a collective effort to inject new life into GoFirst Airlines and propel it towards a brighter future in the skies.
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The Rajasthan government is pulling all stops to make Udaipur, the city of lakes, the country’s first wetland city.
The environment and the forest department has chosen the city as per the Ramsar Convention of International Importance. Udaipur, surrounded by five major lakes, Fateh Sagar, Pichola, Swaroop Sagar, Rang Sagar, and Doodh Talai, is already included in the restoration project of the National Lake Conservation Plan (NLCP) of the central government.
The lakes and wetlands of the city are managed mostly by the tourism and the local self-government departments.
The Madhya Pradesh Tourism Board official announced that the Kuno Forest Festival is being organised for the first time from December 1 to celebrate the wildlife of the state. Before this, the second edition of Gandhi Sagar Floating Festival will be organised from October 27. The festivals will feature a tent city, along with the activities promoting local art and culture.
The state environment and forest department is sending the nomination to the Ramsar Convention to declare it of international standard.
“The department will organise a one-day workshop on October 13 for district officials and representatives of local bodies to finalise the draft. The inter-departmental meeting will consider suggestions from all stakeholders,” said Monali Sen, joint secretary, environment and climate change ministry.
As per Ramsar Convention, a wetland has to be considered internationally important if it contains a representative, rare, or unique example of a natural or near-natural wetland type found within the appropriate biogeographic region and supports vulnerable, endangered, or critically endangered species or threatened ecological communities.
As per state authorities, Udaipur city, spread over 37 sq km, meets all the required criteria to be declared as a wetland city.
Only a handful of cities in the world have been given this title. Other than Udaipur, Bhopal is also in the race for the tag.
The Ramsar Convention on Wetlands of International Importance Especially as Waterfowl Habitat is an international treaty for the conservation and sustainable use of Ramsar sites. It is also known as the Convention on Wetlands and named after the city of Ramsar in Iran, where the convention was signed in 1971.
In 2022, during CO, the convention recognised 25 cities as wetlands such as Sackville in Canada, Ifrane in Morocco, Cape Town in South Africa and other countries. Currently, there are 42 wetland cities spread across 17 countries worldwide, with China having the maximum or 13 such cities.
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