Ending Soon! Save 33% on All Access

Go First Cancels May 3, 4 Flights, Files For Bankruptcy In a detailed statement Go First said it 'had to take this step due to the ever-increasing number of failing engines' provided by manufacturer Pratt & Whitney.

By Entrepreneur Staff

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

Photo by Artturi Jalli on Unsplash

Domestic airlines Go First has cancelled all flights for May 3 and 4 and has filed for voluntary insolvency resolution proceedings before the National Company Law Tribunal in Delhi, news agency PTI was told by CEO Kaushik Khona.

In a detailed statement Go First said it 'had to take this step due to the ever-increasing number of failing engines' provided by manufacturer Pratt & Whitney. Due to these failures, 25 aircrafts had to be grounded on May 1.

According to the statement, the airline said it had been 'forced' to apply for insolvency since Pratt & Whitney had 'refused to comply with an award issued by an emergency arbitrator', according to which the engine operators had to supply 10 engines by April 27 and 10 more every month till December 2023. They also said that Pratt & Whitney had 'failed to provide any further serviceable spare leased engines.'

The statement said that the engine supply problem had cost INR 10,800 crore in lost revenues and other expenses and 'in order to recover these (and other) losses' they had asked for compensation amounting to approximately INR 8,000 crores in the Singapore arbitration.

Go First sued Pratt & Whitney in a US federal court regarding not receiving the engines and wanted enforcement of the Singapore arbitral award in its favour.

In February, a P&W official had ANI that 'global supply chain challenges' are 'limiting the availability of structural castings and other parts (needed to manufacture the jet engines)'.

Entrepreneur Staff

Entrepreneur Staff


For more than 30 years, Entrepreneur has set the course for success for millions of entrepreneurs and small business owners. We'll teach you the secrets of the winners and give you exactly what you need to lay the groundwork for success.
Side Hustle

The Side Hustle He Started at Age 15 Led to a $4 Billion Boon for Small Businesses: 'They Would Take a Chance on Me With Their Hard-Earned Money'

Nic Beique asked his local barber, gym and more if they'd like him to build a website for their businesses.

Business Ideas

63 Small Business Ideas to Start in 2024

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2024.

Business News

Now that OpenAI's Superalignment Team Has Been Disbanded, Who's Preventing AI from Going Rogue?

We spoke to an AI expert who says safety and innovation are not separate things that must be balanced; they go hand in hand.

Starting a Business

I Wish I Knew These Four Things Before Starting My Own Business

Starting a business is hard work to say the least. These are four lessons I wish someone had shared with me before going solo, so I'm here to share them with you.

Employee Experience & Recruiting

Beyond the Great Resignation — How to Attract Freelancers and Independent Talent Back to Traditional Work

Discussing the recent workplace exit of employees in search of more meaningful work and ways companies can attract that talent back.


What Franchising Can Teach The NFL About The Impact of Private Equity

The NFL is smart to take a thoughtful approach before approving institutional capital's investment in teams.