Cash-strapped Go FIRST files for insolvency, blames Pratt & Whitney for losses

Cash-strapped Go First has cancelled all its flights for May 3 and 4, 2023, filed an insolvency plea before the National Company Law Tribunal (NCLT) and blamed the situation on Pratt & Whitney not adhering to the arbitration award. Go First Airways said that due to the non-supply of engines by Pratt and Whitney, all operations will remain cancelled. “Go First has had to take this step due to the ever-increasing number of failing engines supplied by Pratt & Whitney’s International Aero Engines, LLC, which has resulted in GO FIRST having to ground 25 aircraft, equivalent to approximately 50% of its Airbus