"Go First's allegations that Pratt & Whitney is responsible for its financial condition are without merit. Pratt & Whitney will vigorously defend itself against Go's claims, and is pursuing its own legal recourse," Pratt & Whitney Spokesperson told ANI.
The information sought monthly from airlines needs a drastic change so that deteriorating operational and financial trends can be promptly observed and no stakeholder is caught unawares when an airline eventually ceases operations
SMBC Aviation Capital moved the National Company Law Appellate Tribunal (NCLAT) on Thursday challenging the National Company Law Tribunal (NCLT) s order which admitted the GoFirst airlines insolvency process.
The National Company Law Tribunal admitted Go First s voluntary insolvency plea on May 10 after the airline said it was forced to ground half of its fleet, blaming faulty engines supplied by Pratt & Whitney.