A Singapore court has issued an order requiring engine manufacturer Pratt & Whitney (PW) to supply five engines per month to Go Airlines from August to December. This development provides some optimism for the Wadia-owned airline, which had filed for insolvency before India’s National Company Law Tribunal (NCLT) after facing cash-flow difficulties and operational challenges due to engine supply issues.
Following the grounding of more than half of its 54 aircraft, Go Airlines had lodged a complaint against Pratt & Whitney and its engine delays with the Singapore International Arbitration Centre (SIAC) on March 13, 2023. The SIAC had previously granted interim relief on March 31, instructing PW to promptly provide at least 10 serviceable spare leased engines by April 27, followed by an additional 10 engines each month until December.
The availability of engines through the court order offers hope for Go Airlines to resume its suspended operations. However, the airline is simultaneously dealing with legal disputes with its aircraft lessors, who are seeking to recover their assets due to delayed payments.
Go Airlines has reported significant losses exceeding Rs 10,800 crore due to the unavailability and issues with PW engines. These factors were cited in the airline’s petition to the National Company Law Tribunal.
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