Wadia Group in talks to sell stake or exit Indian airline Go First

Wadia Group is in discussions with strategic partners to either sell a majority stake in loss-making budget airline Go First or exit it completely. Go First incurred its largest annual loss in 2021-22 and has been experiencing operational issues over the past few months as half of its aircraft were grounded due to supply chain disruptions related to Pratt & Whitney (P&W) jet engines. The Wadia group is hesitant to invest more until the issue with P&W is resolved, despite having invested approximately Rs 30 billion ($366.2 million) to keep the airline afloat over the past 15 months.

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