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Go First cancels flights, blames P&W for woes, files for insolvency

Go First on Tuesday filed for voluntary insolvency resolution proceedings before the National Company Law Tribunal (NCLT), Delhi. The airline said that it was no longer in a position to continue to meet its financial obligations and had taken the step “to protect the interests of all stakeholders”. 

In a statement, Go Airlines said that it had to take the step due to the “ever-increasing number of failing engines supplied by Pratt & Whitney’s (P&W) International Aero Engines”. 

Go First is the first Indian carrier since Jet Airways to go to the NCLT under the Insolvency and Bankruptcy Code. 

Meanwhile, the Directorate General of Civil Aviation (DGCA) issued a showcause notice to Go First over cancellation of all its flight scheduled for May 3 and 4. In the notice, the DGCA said that Go First did not give any written intimation to the regulator regarding the flight cancellations and was therefore non-compliant with the norms. The regulator also asked the airline to submit the list of measures taken to mitigate inconvenience caused to passengers due to these cancellations, and also provide a plan of action to operate its scheduled flights for May 5. 

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