Go Airlines asks tribunal to urgently pass order on insolvency plea
NEW DELHI/BENGALURU: Go Airlines on Monday asked the country’s company law tribunal to urgently pass an order on its insolvency plea, citing lessors’ efforts to take back planes, per the court hearing.
The push comes less than a week after the cash-strapped Indian airline filed for bankruptcy, blaming “faulty” Pratt & Whitney engines for the grounding of about half its fleet.
On Monday, Go First lawyers told the tribunal to urgently pass an order on the airline’s insolvency plea, saying its lessors had moved to repossess the planes even as bankruptcy proceedings were ongoing.
