Go First bankruptcy: U.S engine-maker Pratt & Whitney denies airline's allegation

Updated : May 03, 2023 16:06
|
Editorji News Desk

U.S. based engine-maker Pratt & Whitney has denied the allegations made by no-frills carrier Go First. P&W Officials told news agency ANI that, Go First has a long history of missing payments. In a statement, the company has also refused Go First's allegation that the engine maker was not honouring an arbitration award related to the engine supply issue.

“Pratt & Whitney is committed to the success of our airline customers, and we continue to prioritize delivery schedules for all customers. P&W is complying with the March 2023 arbitration ruling related to Go First. As this is now a matter of litigation, we will not comment further,” the P&W statement read.

This comes a day after Go First blamed the engine maker for its financial woes.

The Wadia group in a statement said that, the increasing number of failing engines that are supplied by Pratt & Whitney has led to grounding of 25 Go First planes that is half of its fleet of Airbus A320neo aircraft. As per the statement, this has led to a huge financial stress for the carrier.

As per Indian Express, the no-frills carrier accused P&W of failing to meet contractual obligations and refusing to abide by an arbitration award in the matter, adding that with more engine failures expected over the next three to four months, its operations would have become unviable.

Go First flight

Recommended For You

editorji | Business

Global Stock Market Indices: How the World Markets Performed Today - 20 December, 2024

editorji | Business

NSE Nifty 50 Top Gainers: What are the 5 Biggest Stock Gainers Today (Dec 20)?

editorji | Business

Nifty 50: Top losers today - 20 December 2024

editorji | Business

Rupee recovers from all-time low, gains 10 paise to 85.03 against US dollar

editorji | World

Trump threatens tariffs if EU doesn't buy more oil, gas