Go First missed its financial obligations: P&W
With the Wadia group’s low cost Go Airline (India) Ltd (Go First) squarely blaming engine supplier, the US-based Pratt & Whitney for its financial woes and taxiing it to file bankruptcy petition, the latter has responded.
image for illustrative purpose
Chennai: With the Wadia group’s low cost Go Airline (India) Ltd (Go First) squarely blaming engine supplier, the US-based Pratt & Whitney for its financial woes and taxiing it to file bankruptcy petition, the latter has responded.
“Go First has a lengthy history of missing its financial obligations to Pratt,” a spokesperson for the aircraft engine supplier Pratt & Whitney said. However, the official declined to elaborate further on its allegation against Go Airline.
“Pratt & Whitney is committed to the success of our airline customers, and we continue to prioritize delivery schedules for all customers. P&W (Pratt & Whitney) is complying with the March 2023 arbitration ruling related to Go First. As this is now a matter of litigation, we will not comment further,” the company spokesperson said.
Curiously, Go Airlines had said that it has been forced to apply to the National Company Law Tribunal (NCLT) for voluntary bankruptcy after Pratt & Whitney, the exclusive engine supplier for its Airbus A320neo aircraft fleet, refused to comply with an award issued by an emergency arbitrator appointed in accordance with the 2016 Arbitration Rules of the Singapore International Arbitration Centre (SIAC).
