Go First said it sought arbitration on this matter through the Singapore International Arbitration Center. However, these have not been enough to offset the losses from the aircraft groundings, Go First said. The airline’s backers have infused significant amounts into the carrier over the past three years, and the government has also provided emergency credit guarantees to keep the airline afloat. The carrier estimates it has lost INR108 billion ($1.3 billion) in revenues and additional expenses due to the engine-related groundings. Go First said it had 7% of its fleet grounded due to engine problems in December 2019, and this rose to 31% in December 2020 and 50% by December 2022. Several airlines have had to ground some aircraft due to lack of replacement engines, although Indian airlines IndiGo and Go First appear to have been the hardest hit. The Pratt & Whitney engine issues have affected many other carriers that use them on their A320neo-family fleets. Go First now has 25 aircraft grounded-about half its fleet-because of the engine problems and delays in repairing them or obtaining replacements, the carrier said. The airline said it took this step due to the increasing number of aircraft it has had to take out of service due to issues with the Pratt & Whitney geared turbofan engines which power its Airbus A320neo fleet. Go First canceled all of its flights scheduled May 3-5, according to a notice on its website.

Once the NCLT processes the application, it will appoint an interim resolution professional to take over and operate the company. The LCC said it filed an application with India’s National Company Law Tribunal (NCLT) for resolution under section 10 of the Insolvency Bankruptcy Code. Indian carrier Go First has filed for bankruptcy protection, blaming long-running problems with its Pratt & Whitney engines for causing financial difficulties it could not overcome.

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