Adani Enterp. 2534.05↓-10.30(-0.40%)
Adani Ports 737.50↑10.65(1.47%)
Apollo Hospitals 4640.45↑30.55(0.66%)
Asian Paints 3137.40↑9.00(0.29%)
Axis Bank 929.80↑2.85(0.31%)
B P C L 361.70↓-2.60(-0.71%)
Bajaj Auto 4618.50↑2.55(0.06%)
Bajaj Finance 6932.05↑27.55(0.40%)
Bajaj Finserv 1449.55↑10.40(0.72%)
Bharti Airtel 821.25↑3.30(0.40%)
Britannia Inds. 4575.25↓-20.95(-0.46%)
Cipla 956.25↑4.90(0.52%)
Coal India 246.10↑4.60(1.90%)
Divi's Lab. 3477.85↓-36.15(-1.03%)
Dr Reddy's Labs 4556.25↑25.30(0.56%)
Eicher Motors 3711.45↑21.10(0.57%)
Grasim Inds 1713.30↑25.00(1.48%)
H D F C 2690.55↑39.95(1.51%)
HCL Technologies 1126.20↓-13.00(-1.14%)
HDFC Bank 1635.50↑19.70(1.22%)
HDFC Life Insur. 579.05↑1.85(0.32%)
Hero Motocorp 2776.90↑31.75(1.16%)
Hind. Unilever 2650.30↓-2.05(-0.08%)
Hindalco Inds. 419.90↑6.35(1.54%)
ICICI Bank 948.15↓-2.55(-0.27%)
IndusInd Bank 1284.95↑16.90(1.33%)
Infosys 1314.40↓-3.05(-0.23%)
ITC 449.10↑5.50(1.24%)
JSW Steel 702.20↑0.50(0.07%)
Kotak Mah. Bank 1953.20↑8.15(0.42%)
Larsen & Toubro 2224.55↑6.10(0.27%)
M & M 1330.15↑48.30(3.77%)
Maruti Suzuki 9333.50↓-66.45(-0.71%)
Nestle India 21729.45↑147.70(0.68%)
NTPC 176.30↑1.80(1.03%)
O N G C 159.00↓-4.75(-2.90%)
Power Grid Corpn 234.50↓-2.80(-1.18%)
Reliance Industr 2520.60↑14.10(0.56%)
SBI Life Insuran 1218.10↑22.35(1.87%)
St Bk of India 595.00↑9.00(1.54%)
Sun Pharma.Inds. 968.45↓-1.45(-0.15%)
Tata Consumer 794.25↑4.55(0.58%)
Tata Motors 521.45↑3.00(0.58%)
Tata Steel 108.45↑2.05(1.93%)
TCS 3320.35↓-8.55(-0.26%)
Tech Mahindra 1114.05↓-0.70(-0.06%)
Titan Company 2812.25↑70.10(2.56%)
UltraTech Cem. 7840.55↑118.70(1.54%)
UPL 690.00↑1.90(0.28%)
Wipro 399.80↓-1.90(-0.47%)

Lobbying by lessors, faulty Pratt & Whitney engines hurt India: Go First

Blames American firm for heavy losses, targets AWG

Premium

5 min read Last Updated : May 14 2023 | 9:05 PM IST

The Indian aviation sector has suffered huge losses due to faulty engines supplied by American firm Pratt & Whitney, with nearly 75 aircraft currently grounded across the nation, top executives of Go First Airlines said. The grounding of aeroplanes due to issues with P&W engines has led to a spike in airfare, they said.

Asking Aviation Working Group (AWG) — an association of aircraft lessors, engine makers, and plane makers — to pressure P&W to meet its obligation to supply engines, they claimed its members via the lobby group were trying to “influence” the National Company Law Appellate Tribunal (NCLAT).

Aircraft lessors have moved the appellate tribunal after the National Company Law Tribunal (NCLT) admitted Go First’s voluntary plea to initiate an insolvency resolution process. Reacting to news that AWG has put India on a watch list for not deregistering Go First aircraft upon the termination of their leases,