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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
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 …
