Go Airlines (India) Ltd, on Tuesday, filed for voluntary insolvency resolution proceedings before the National Company Law Tribunal (NCLT), Delhi. The airline’s website informed that all “flights scheduled on May 3, 4 and 5 have been cancelled”.
A press statement issued by the budget carrier, which had rebranded itself as Go First, not so long ago, squarely blamed its plight at the doorstep of the global aircraft engine manufacturer Pratt & Whitney. “…Pratt & Whitney not providing the required number of spare leased engines by the order issued by the emergency arbitrator, Go First is no longer in a position to continue to meet its financial obligations,” it stated.
