When Wings Fail: The "Go First" crisis

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Introduction
India's aviation sector has experienced another setback with Mumbai-headquartered Go First Airlines filing for bankruptcy. The Go First crisis has sent shockwaves to multiple stakeholders by filing for bankruptcy and cancelling flights.
In 2017, it was the fifth largest airline in India capturing a market share of 8.4 percent. 
But what were the reasons for Go First’s downfall? What does the airline have to say? 
Read this article to know all about what led to one of the biggest carriers to collapse and shut down its operations. 


Reasons of flight cancellation 
Go First has been cancelling more than 4000 flights impacting 75000 plus passengers from the past 30 days.
The airline has cited operational reasons for cancelling such flights. Also, Go First was not able to meet its financial obligations resulting in lessors repossessing their aircrafts back. Out of the total 54 aircrafts owned by the airline, 28 are grounded making them un-operational. 
These revelations come after the airline runs out of funds and files for bankruptcy. 


Pratt and Whitney's Involvement
Pratt and Whitney is a global supplier of engines whom the Go First Airlines have been blaming for its state of affairs today. The airline says that the breach of contract by the supplier firm has led to huge financial losses. Delivery delays and technical snags were found to be the disrupting factors that led to the downfall. Although the engine- maker Pratt and Whitney has refuted the claims declaring them to be without any evidence. Further, it adds fuel to the fire by mentioning that Go First has a history of missing financial obligations. 

Go First bankruptcy Filing
The company disclosed that it had initiated the bankruptcy proceedings with the National Company Law Tribunal as it couldn't fulfil its financial commitments. Pratt & Whitney's refusal to disclose engine orders, according to the company's petition, made it difficult for them to operate half of the fleet, Pratt and Whitney being the sole provider of engines for Go First's fleet of Airbus A320neo planes, announced the CEO Kaushik Khona.

Go First Assurance to the Customers 
The airline apologized for the difficulty the flight cancellations had caused on its website, stating that "a full refund would be delivered to the original means of payment promptly. We understand that the flight cancellations may have interfered with your vacation plans, and we pledge to help in any way we can’.

Conclusion
Pratt & Whitney engines are problematic for several airlines, notably Turkish Airlines, Air Senegal, Air Tanzania, and AirAsia. In order for Go First Airlines to survive, it is necessary to compel the firm to cooperate with the March 2023 arbitration. Go First’s operations can be restarted by September 2023, assuming P&W complies with the agreement and provides the replacement engines.
In order to stop other airline companies from going under, it is necessary to establish long-term legislative solutions. The Go First incident represents a major infringement of airline security and requires swift response.

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