Key Points
A Singapore court Wednesday directed engine maker Pratt & Whitney to dispatch five engines per month between August and December to Go Airlines, giving a ray of hope to the Wadia-owned carrier which has admitted itself in Indias bankruptcy court...
The airline, branded Go First, stopped flying and appealed for insolvency proceedings in the National Company Law Tribunal (NCLT) on May 2 due to cash problems and after it had to ground more than half of its 54 planes because of supply issues from the American engine maker...
Supply of engines will give it some hope to resume its grounded operations...
In an interim relief on March 31, the Singapore International Arbitration Centre (SIAC) had directed PW to dispatch without delay at least 10 serviceable spare leased engines by April 27, and a further 10 such engines per month untilG December...
In its petition to the National Company Law Tribunal, Go Airlines had claimed that due to faulty engines of PW, it had to ground more than half its planes in April 2023...
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