Cash-strapped carrier Go First has filed for voluntary insolvency proceedings with the National Company Law Tribunal (NCLT) following “the ever-increasing number of failing engines supplied by US-based Pratt & Whitney’s (P&W) International Aero Engines”, which has led to grounding of 25 planes, or half of its fleet of Airbus A320neo aircraft, and led to significant financial stress, as per a statement by the Wadia group airline.
The no-frills carrier accused P&W of failing to meet contractual obligations and refusing to abide by an arbitration award in the matter, adding that with more engine failures expected over the next three to four months, its operations would have become unviable.
