Indian budget airline Go First files for bankruptcy
Go First, India’s fifth-largest domestic carrier, has filed for bankruptcy protection due to “faulty” engines from Pratt & Whitney, its exclusive engine supplier for the Airbus A320neo fleet.
The airline has been in a dispute with the US aerospace company over issues that cost it US$1.32 billion in lost revenues and additional expenses, leading to the grounding of 25 aircraft.
The bankruptcy was a necessary step, said Go First, due to an “ever-increasing number of failing engines” and Pratt & Whitney’s failure to comply with an arbitration order.
