Go First urges NCLT to urgently pass order on insolvency plea

Go Airlines (India) has requested the country’s company law tribunal to urgently pass an order on its insolvency plea, citing lessors’ efforts to take back planes during a court hearing. The cash-strapped Indian airline had filed for bankruptcy, blaming “faulty” P&W engines for the groun­ding of roughly half its fleet. As of April 2023, Go First’s total debt to fin­an­cial creditors stood at Rs 65.21 billion ($798 million). Go’s fall marks the first major airline collapse in India since full-service carrier Jet Air­ways filed for bankruptcy in 2019.