go airlines

  • Business NewsIndian airline Go First granted bankruptcy protection amid repossession concerns

    Indian airline Go First granted bankruptcy protection amid repossession concerns

    An Indian tribunal granted bankruptcy protection to Go Airlines (India) Ltd yesterday, a decision that may aid the country’s fourth-largest airline in its revival efforts but could also hinder foreign lessors’ attempts to reclaim their aircraft. The low-cost carrier recently rebranded as Go First, claimed that its financial crisis originated from “faulty” Pratt & Whitney engines, which grounded approximately half…