The airline operator filed for voluntary bankruptcy in early May before the National Company Law Tribunal (NCLT), alleging delays on the part of a US-based engine maker for its inability to promptly meet obligations - leading to the grounding of a portion of its fleet.
Pratt & Whitney on Thursday said it respects the Interim Arbitration ruling of a Singapore court, directing the US-based engine maker to send five engines every month to Go First airlines between August and December, adding that it will comply with the same.
Mumbai (Maharashtra) [India], July 25 (ANI): India Ratings and Research (Ind-Ra) has downgraded low-cost carrier Go Airlines India Ltd (Go Air) long-term issuer rating to BBB-plus from A-minus while maintaining it on rating watch negative.
New Delhi [India], Mar. 7 (ANI): The Competition Commission of India (CCI) imposed penalties upon three airlines for concerted action in fixing and revising fuel surcharge (FSC) - a component of freight charges.