New Delhi/Mumbai: Go First, a financially troubled airline, has petitioned the National Company Law Tribunal (NCLT) to begin voluntary insolvency resolution proceedings on Thursday, raising concerns that tickets may spike on some routes as a result of flight cancellations.
A day after the budget carrier cited grounding of more than half of the fleet due to non-supply of engines by Pratt & Whitney as the reason for its financial crunch, the US-based engine maker on Wednesday said it is complying with the arbitration order regarding the airline and continues to prioritise delivery schedules for all customers.