NEW DELHI (Reuters) -An Indian tribunal on Wednesday granted bankruptcy protection to Go Airlines (India) Ltd, a move that will help the country’s fourth-largest carrier attempt to revive itself but complicate foreign lessors’ efforts to repossess their planes.
The low-cost carrier, recently rebranded as Go First, has said its financial crisis was sparked by “faulty” Pratt & Whitney engines that grounded about half its 54 Airbus A320neos. The U.S. engine maker, part of Raytheon Technologies, has called the claims without evidence.
(Reporting by Arpan Chaturvedi, Aditi Shah and Aditya Kalra; Editing by Jamie Freed and Edwina Gibbs)
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