The National Company Law Tribunal (NCLT) ordered the liquidation of now insolvent Go First Airways on Monday.
On May 2, 2023, the Go First budget airline’s owners – the Wadia Group – filed voluntary insolvency resolution proceedings before the NCLT sending shockwaves through the entire airline industry.
Issues with Pratt & Whitney
Go First was plagued by a peculiar problem – the purported failure of the jet engine manufacturer, Pratt & Whitney (PW), USA, to supply engines/spares for its aircraft that grounded nearly 40% of the fleet for several months before it was compelled to totally suspend operations from the first week of May 2023.
While the DGCA slapped a show-cause notice on the carrier for its abrupt actions that created havoc…
