Go Airlines Files for Insolvency Protection

Go First, an Indian airline, has filed for insolvency due to a lack of engines, grounding nearly half its fleet. The airline blames Pratt and Whitney for not supplying spare engines, leading to a legal dispute. This issue is part of a broader global supply chain problem affecting airlines. The situation arises amid record air travel in India and follows a history of airline bankruptcies, highlighting challenges in the aviation sector.

What is the significance of the Emergency Arbitrators award mentioned in the context of Pratt and Whitney?

What challenges is the Indian aviation sector facing as highlighted in the text?