Go First has said it needs an emergency arbitration in its dispute with Pratt & Whitney. The airline had blamed the Raytheon Technologies-owned engine maker for supplying faulty engines and failing to replace the same in time.
On May 2, Wadia group-owned Go First said it has been “forced” to apply to the NCLT for resolution and protection under Section 10 of IBC due to the ever-increasing failure of Pratt and Whitney engines that power its fleet.
A batch of petitions filed by SMBC Aviation Capital Ltd, GY Aviation and SFV Aircraft Holdings was being heard by the appellate tribunal. All three lessors have leased out around 21 aircraft to Go First.