04/05/2023 05:25 PM | Click to read full article
Go First’s voluntary insolvency proceeding plea was heard at the National Company Law Tribunal (NCLT) on Thursday. The airline argued that the Los Angeles-based engine-maker is to be blamed to a great extent, along with COVID-19 restrictions, for its situation today. Go First had also moved for emergency arbitration in Singapore. Go First said that more than 80 per cent of first-time engines removals occurred even before they completed 5,000 engine hours.