{"id":575969,"date":"2023-05-11T10:42:10","date_gmt":"2023-05-11T05:12:10","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=575969"},"modified":"2023-05-11T10:42:10","modified_gmt":"2023-05-11T05:12:10","slug":"go-first-airline-granted-bankruptcy-protection","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/go-first-airline-granted-bankruptcy-protection\/","title":{"rendered":"Go First airline granted bankruptcy protection"},"content":{"rendered":"<p>NEW DELHI: The National Company Law Tribunal (NCLT) on Wednesday granted bankruptcy protection to Go Airlines (India) Ltd, a move that will help the country&#8217;s fourth-largest carrier attempt to revive itself but complicate foreign lessors&#8217; efforts to repossess their planes.<\/p>\n<p>The low-cost carrier, recently rebranded as Go First, has said its financial crisis was sparked by &#8220;faulty&#8221; Pratt &amp; Whitney engines that grounded about half its 54 Airbus A320neos. The US engine maker, part of Raytheon Technologies, has called the claims without evidence.<\/p>\n<p>A two-member bench comprising President Justice Ramalingam Sudhakar and L N Gupta also appointed Abhliash Lal as interim resolution professional (IRP) to run the debt-ridden company.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEW DELHI: The National Company Law Tribunal (NCLT) on Wednesday granted bankruptcy protection to Go Airlines (India) Ltd, a move that will help the country&#8217;s fourth-largest carrier attempt to revive itself but complicate foreign lessors&#8217; efforts to repossess their planes. The low-cost carrier, recently rebranded as Go First, has said its financial crisis was sparked by &#8220;faulty&#8221; Pratt &amp; Whitney engines that grounded about half its 54 Airbus A320neos. The US engine maker, part of Raytheon Technologies, has called the claims without evidence. A two-member bench comprising President Justice Ramalingam Sudhakar and L N Gupta also appointed Abhliash Lal as [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[220,130,137],"tags":[],"class_list":["post-575969","post","type-post","status-publish","format-standard","hentry","category-civil-aviation-the-times-of-india","category-newspapers","category-the-times-of-india"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/575969","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=575969"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/575969\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=575969"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=575969"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=575969"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}