Go First files for voluntary insolvency: Here is how a faulty engine by US-based Pratt & Whitney is causing the collapse of an Indian airline
Wadia Group controlled ultra-low cost Go First Airlines filed for voluntary insolvency before the National Company Law Tribunal on Tuesday after facing acute financial troubles. The Airlines also cancelled all flights on 3, 4 and 5 May, causing DGCA to issue a show cause notice to it. The airline blamed the “faulty” Pratt & Whitney engines used … Read more