Go First said that Pratt & Whitney's failure to provide engines led to the grounding of close to 50% of its A320 neo fleet and cost the airline ₹10,800 crore in revenues and additional expenses.
The Wadia group-owned Go First moved to the NCLT on Tuesday, seeking voluntary insolvency resolution proceedings.
Wadia-owned low-cost carrier files for insolvency amid delays in fund infusion
The airline says it lost ₹10,800 crore in revenue due to 'defective' engines supplied by Pratt & Whitney.
To power the remaining 280 Airbus A320neo and A321neo aircraft it has on order, IndiGo dumps Pratt & Whitney for rival CFM International’s LEAP-1A engines.
