![Domestic air passenger traffic to expand 8-13% each in FY24 & FY25: ICRA](https://images.assettype.com/fortuneindia%2F2022-04%2F9bda7a02-d6b8-4716-a3ed-060020347275%2Fairport_lagguage_belt_020A2819.jpg?rect=0,1106,7556,3778&w=300&q=95)
Domestic air passenger traffic to expand 8-13% each in FY24 & FY25: ICRA
The aviation industry is estimated to report a similar net loss of ₹3,000-5,000 crore in FY25 as well, says ICRA
The aviation industry is estimated to report a similar net loss of ₹3,000-5,000 crore in FY25 as well, says ICRA
The airline says that it remains confident in meeting its long-term capacity guidance.
DGCA says Go First must subject “every aircraft to a satisfactory handling flight prior to deployment for flight operations"
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.