NCLT to decide on Go First’s bankruptcy plea, lessors seeking planes fear impact

The fate of India’s fourth-largest carrier Go Airlines (India) Ltd and its 7,000 employees is set to be decided on Wednesday, in a bankruptcy plea ruling that will also have major implications for foreign lessors trying to repossess planes.

The low-cost carrier, recently rebranded as Go First, has said its financial crisis was sparked by “faulty” Pratt & Whitney engines that grounded about half its 54 Airbus A320neos. The US engine maker, part of Raytheon Technologies, has called the claims without evidence.

If the Indian tribunal admits Go First’s plea, it will lead to appointment of a new resolution professional who will take over management to revive the airline run by India’s Wadia Group. A decision is expected at 10:30 a.m. (0500 GMT),