Key Points
US engine maker Pratt & Whitney (P&W) is set to oppose cash-strapped Go Firsts push to enforce an arbitration ruling against it for the supply of spare engines, according to a court filing...
The embattled Wadia group-owned airline had earlier blamed P&W for faulty engines that led to the ongoing financial crisis, and subsequently forced to file an involuntary insolvency plea..
NCLT admitted the plea today, offering the airline protection against lessors and financial creditors...
Go First went on to say that half of its fleet of 54 Airbus A320neos was grounded due to P&Ws faulty engines, which led to huge losses for the airline...
While filing its bankruptcy plea, Go First said the number of grounded aircraft in its fleet ballooned from 7 per cent in December 2019 to 50 per cent in December 2022 due to faulty engines..
