Last Updated: May 03, 2023, 12:46 IST
A Go First airline, previously often known as GoAir, Airbus A320-271N passenger plane prepares to take off from Chhatrapati Shivaji International Airport in Mumbai, India, May 2, 2023. REUTERS/Francis Mascarenhas
The airline was additionally wanting to have interaction with lessors to dissuade them from taking any motion, he added.
India’s Wadia Group, the proprietor of cash-strapped Go Airlines (India) Ltd, is totally dedicated to the corporate, and has no plans to exit it, the airline’s chief government mentioned on Wednesday.
The information got here a day after the airline, just lately rebranded as Go First, filed for chapter, blaming “faulty” Pratt & Whitney (P&W) engines for the grounding of about half its fleet.
The insolvency proceedings had been geared toward reviving the airline and never promoting it, Chief Executive Kaushik Khona advised Reuters in an interview, including that the corporate had made all funds to Pratt & Whitney.
The airline was additionally wanting to have interaction with lessors to dissuade them from taking any motion, he added.
The first main airline collapse in India since that of Jet Airways in 2019 underscores the fierce competitors in a sector dominated by IndiGo and the latest merger of Air India and Vistara below the Tata conglomerate.
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(This story has not been edited by News18 employees and is revealed from a syndicated information company feed)
