Go First files for voluntary insolvency

The Wadia Group-owned airline has cancelled bookings for the next two days.

The Wadia Group-owned Go First has filed for voluntary insolvency resolution proceedings before the National Company Law Tribunal even as it suspended flights on 3 and 4 May due to a “severe fund crunch”. 

“Go First is facing financial crunch due to non-supply of engines by P&W that has forced grounding of 28 planes,” Go First chief executive officer Kaushik Khona told news agency Press Trust of India. 

The low-cost airline had been struggling ever since half its fleet of 57 aircraft was grounded due to engine issues, compounded by supply shortages from manufacturer Pratt & Whitney. 

The airline has …


Prince M. Thomas

Prince leads the newsroom at The Morning Context as managing editor. A fascination with the written word has taken Prince to some of the leading newsrooms across the country, including The Economic Times, Dow Jones Newswires, Forbes India and Moneycontrol. In a career spanning 20 years, Prince has led teams, managed pages, projects and special editions, and has authored The Consolidators, published by Penguin Random House in 2017.

Managing Editor