New Delhi: An Indian government bailout of cash-strapped Go Airlines (India) Ltd was unlikely unless something could be done about the supply of engines to the airline, which sought bankruptcy protection last week, a minister has said.
The low-cost carrier, widely known as Go First and which until recently was India's fourth-largest airline by passengers flown, filed for bankruptcy protection, blaming "faulty" Pratt & Whitney engines for the grounding of about half its 54 Airbus A320neos.
Deputy Aviation Minister V.K. Singh said the government has offered help to U.S.-based Pratt & Whitney.
"The problem with Go Air is that their flights are run on engines of Pratt & Whitney which is facing management issues since after COVID-19 ... So (engine) manufacturing is not happening at the pace that it should have," Singh told news agency ANI on Monday.
"What can be done about a bailout? Where will Pratt & Whitney get (engines)? Bailout can only happen when something can be done about this," Singh said in response to a question about the possibility of a government bailout.
09/05/2023 Reuters
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