Go First Has History Of Missing Financial Obligations: P&W On Allegations

Pratt & Whitney, in response, said that the airline has a "history of missing its financial obligations".

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"Go First has a lengthy history of missing its financial obligations to Pratt," it added.

On Tuesday, the airline filed for voluntary insolvency resolution proceedings in the National Company Law Tribunal (NCLT) and cancelled its flights on May 3, 4, and 5.

Go First, owned by the Wadia Group, owes financial creditors Rs 6,521 crore. As of April 30, Go First Air had not defaulted on any of these dues, it said in the filing, as reported by news agency

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"However, considering the present financial situation of the corporate applicant defaults to financial creditors would be imminent," the filing said.

The filing lists the Central Bank of India, Bank of Baroda, IDBI Bank, Axis Bank, and Deutsche Bank among Go First's financial creditors.

The airline's total liabilities to all creditors stand at Rs 11,463 crore, the filing shows. This includes dues to banks, financial institutions, vendors, and aircraft lessors.