On Wednesday, the NCLT admitted Go First's plea for voluntary insolvency and admitted for the initiation of Corporate Insolvency Resolution Process (CIRP) proceedings. NCLT has granted Go First protection under a moratorium from recovery by lessors and lenders.
"Go First's allegations that Pratt & Whitney is responsible for its financial condition are without merit. Pratt & Whitney will vigorously defend itself against Go's claims, and is pursuing its own legal recourse," Pratt & Whitney Spokesperson told ANI.
Go First which filed insolvency application has a fleet of 55 aircraft and DGCA has received deregistration request for 45 aircraft. Half of them have been grounded for months due to engine problems.
Days after Go First grounded its aircraft, leading international carrier Lufthansa on Thursday said it temporarily grounded a third of its Airbus A220 fleet in Zurich due to some issues with Pratt and Whitney engines.
On Wednesday, it said funds for the revival will be drawn from the government's Emergency Credit Line Guarantee Scheme (ECLGS) and better cash accruals. The airline has already mobilised around Rs 400 crore towards getting its grounded fleet back in the air, which will further enhance its
More than two weeks after an accident off the Mumbai coast, the Indian Navy and Indian Coast Guard have continued to keep their ALH Dhruv chopper fleets grounded as thorough checks are being carried out on specific parts of the indigenous helicopters.
After being grounded for over 10 days, some of the ALH Dhruv helicopters of the Indian Army have resumed operations, said Indian Army officials on Tuesday.
Taking to Twitter, Indian Navy Spokesperson said, "Hon'ble PM of Mauritius @KumarJugnauth
during the reception, the onboard First Training Squadron lauded the interoperability of the National Coast Guard, Mauritius & IndianNavy during Joint Ops for the removal of pollutants from a ground
Dinesh Karthik has seen Virat Kohli up close while sharing the dressing room with him for Team India and the Royal Challengers Bangalore. Karthik believes Kohli's ability to stay grounded despite achieving so much on and off the field makes him a champion in all walks of life.