Go First Gone: Another private airline disappears from the Skies, Marking the 11th Closure in a Decade

Go First Gone: Another private airline disappears from the Skies, Marking the 11th Closure in a Decade

The tottering Indian aviation sector hit fresh turbulence when early this month, another flourishing private airline was suddenly grounded owing to various problems, making it the 11th in a decade to fall from the skies. Throwing their hands up, the Go First budget airline’s owners — the Wadia Group — filed voluntary insolvency resolution proceedings before the National Company Law Tribunal (NCLT) sending shockwaves through the entire airline industry. Go First was plagued by a peculiar problem — the purported failure of the jet engine manufacturer, Pratt & Whitney, USA,…

Read More