Indian budget airline Go First files for bankruptcy
Indian budget airline Go First accuses jet engine manufacturer Pratt & Whitney of failing to comply with an arbitration order directing it to release spare leased engines that would have allowed a return to full operations. – Go First Twitter pic, May 3, 2023.
DEBT-LADEN Indian budget airline Go First has filed for bankruptcy protection, blaming “faulty” engines from US aerospace company Pratt & Whitney for the grounding of about half its fleet. Go First was India’s fifth-biggest domestic carrier as of March, with 6.9% of the market share, according to government figures.
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