by pratt & whitney, and most of those have been faulty. company says the engine supplier refused to comply with an order to release engines or even supply serviceable spares. with further engine failure expected in the next three to four months, airline operations will be made unviable. it has, in fact, also filed a complaint in a us court against the engine maker. now, with almost half its fleet unavailable, it has meant frequent flight cancellations. it has meant a drop in share in the indian aviation market, which has seen fierce competition and new players. airline says it has lost over $1.3 billion. some of its planes have been repossessed by lessors on non payment of dues. it may be facing fuel payment issues as well since it was moved to cash and carry by oil companies. local reports say the airline has cancelled most of its flights for the next three days, starting third of may. the airline is owned by a prominent corporate family, the wadia group here in india. and in fact, la
by pratt & whitney, and most of those have been faulty. company says the engine supplier refused to comply with an order to release engines or even supply serviceable spares. with further engine failure expected in the next three to four months, airline operations will be made unviable. it has, in fact, also filed a complaint in a us court against the engine maker. now, with almost half its fleet unavailable, it has meant frequent flight cancellations. it has meant a drop in share in the indian aviation market, which has seen fierce competition and new players. airline says it has lost over $1.3 billion. some of its planes have been repossessed by lessors on non payment of dues. it may be facing fuel payment issues as well since it was moved to cash and carry by oil companies. local reports say the airline has cancelled most of its flights for the next three days, starting third of may. the airline is owned by a prominent corporate family, the wadia group here in india. and in fact, la
been faulty, they say the engine supplier refused to comply with an audit but further intonation failure expected airline operations will be made unviable. it has filed a complaint to the us court against the engine maker. half its fleet has been unavailable it is meant flight cancellations and a drop object in the indian aviation market which has seen fierce competition and new players. it says had it has lost over $1 billion, it may be facing few payment issues as well since it was moved to cash and carry. local reports say the airline has cancelled most of its flight for the next three days starting third of may. the airline is owned by prominent corporate family in india, and last year they were looking and talking to possible investors to sell stakes and oh raise funds owing to the crunch. is
later. we will keep an eye on much, as i am later. we will keep an eye on much, as i am sure later. we will keep an eye on much, as i am sure you later. we will keep an eye on much, as i am sure you will, later. we will keep an eye on much, as i am sure you will, samira - as i am sure you will, samira hussain, life in new york. indian low cost carrier go first has filed for bankruptcy due to severe cash flow problems. the airline has blamed its us engine supplier pratt & whitney for not supplying working engines, which resulted in the airline s downfall. it s also cancelled all of its flights for next three days. 0ur india business correspondent archana shukla has more from mumbai. the vice the story of go first has really changed. it was cash strapped for much of last year at around half of its aircraft were granted, 25 out of its aircraft were granted, 25 out of 61 airbus aircraft, due to faulty engines which are powered by engines exclusively supplied by pratt and whitney, mos