• Latest
  • Trending
  • All
  • Industry
  • Compliance
  • Global Trade
  • Industry
  • Sustainability & Ethics
  • Video
  • Security & Risk
An airline facing operational challenges, despite bankruptcy, with a purple and white airplane flying in the sky.

Go First Airline Files for Bankruptcy Amid Operational Challenges

05/02/2023
Supreme Court to Decide Future of Trump-Era Tariffs

Supreme Court to Decide Future of Trump-Era Tariffs

09/18/2025
Trump’s Tariffs Impact Fortnum & Mason’s Tea Exports to U.S.

Trump’s Tariffs Impact Fortnum & Mason’s Tea Exports to U.S.

09/18/2025
Retail Sales Rise 0.6% in August Amid Ongoing Tariff Pressures

Retail Sales Rise 0.6% in August Amid Ongoing Tariff Pressures

09/18/2025
Trump’s UK Visit Highlights Trade Moves and Tariff Discussions

Trump’s UK Visit Highlights Trade Moves and Tariff Discussions

09/18/2025
What tariffs has Trump announced and why?

What tariffs has Trump announced and why?

09/18/2025
Hands holding a digital globe surrounded by global business icons. Goenvi Technologies. - Supply Chain News

Goenvi Technologies Nominated for the Go Global Awards 2025

09/18/2025
Kamsiparts Automotive Nominated for Go Global Awards 2025 in London

Kamsiparts Automotive Nominated for Go Global Awards 2025 in London

09/17/2025
Sow Property Consult Limited: Driving Excellence in Transport and General Trading

Sow Property Consult Limited: Driving Excellence in Transport and General Trading

09/17/2025
Esusu Africa: Advancing Digital Financial Inclusion Across Nigeria

Esusu Africa: Advancing Digital Financial Inclusion Across Nigeria

09/17/2025
B.Est Solutions Estonia Nominated for the Go Global Awards 2025

B.Est Solutions Estonia Nominated for the Go Global Awards 2025

09/17/2025
Emerge and Rise Nominated for the Go Global Awards 2025

Emerge and Rise Nominated for the Go Global Awards 2025

09/17/2025
CODERS Nominated for Go Global Awards 2025 in London

CODERS Nominated for Go Global Awards 2025 in London

09/17/2025
supplychainreport
Thursday, September 18, 2025
  • Home
  • Industry
    • Supply Chain
    • Logistics & Transportation
    • Importing & Exporting
    • Manufacturing
    • Warehousing & Distribution
  • Compliance
    • Supply Chain Transparency
    • Anti-Money Laundering (AML)
    • Know Your Customer (KYC)
    • Risk Management
    • Export Controls
    • Sanctions
  • Global Trade
    • Market Trends
    • Economic Indicators
    • Sourcing
    • Trade Policies
    • International Relations
    • Trade Agreements
    • Tariffs & Duties
    • Import/Export Statistics
  • Luxury Goods
  • Industry
    • Blockchain in Supply Chain
    • Importing & Exporting
    • Automation & Robotics
    • Artificial Intelligence in Trade
    • Data & Analytics
  • Sustainability & Ethics
    • Green Supply Chains
    • Sustainable Logistics
    • Ethical Sourcing
    • Corporate Social Responsibility
    • Environmental Policies
  • Security & Risk
    • Cybersecurity in Trade
    • Fraud & Scams
    • Risk Mitigation
    • Security Protocols
    • Data Protection
  • ITC News
    • ITC Featured Members
    • ITC Business Councils Highlights
  • Events
    • Upcoming Conferences
    • Upcoming FREE Educational Webinars
No Result
View All Result
supplychainreport
No Result
View All Result

Go First Airline Files for Bankruptcy Amid Operational Challenges

by Richie
05/02/2023
in Global Trade, Import/Export Statistics, Risk Mitigation, Security & Risk

YOU MAY ALSO LIKE

Supreme Court to Decide Future of Trump-Era Tariffs

Trump’s Tariffs Impact Fortnum & Mason’s Tea Exports to U.S.

India’s Go First airline has filed for bankruptcy proceedings on account of financial constraints, with nearly half of its fleet grounded due to issues with Pratt & Whitney engines. This development represents a significant event in the Indian aviation sector, marking the first major airline collapse since Jet Airways in 2019. Go First’s total debt to financial creditors stands at 65.21 billion rupees ($797 million) as of April 28.

The airline clarified that it has not defaulted on its dues as of April 30, but it has faced challenges meeting payments to operational creditors, including 12.02 billion rupees ($146.9 million) to vendors and 26.60 billion rupees ($325 million) to aircraft lessors. Go First attributed its filing to Pratt & Whitney’s refusal to comply with an arbitration order, preventing the release of leased spare engines necessary for the airline’s full operations.

Pratt & Whitney has faced industry-wide supply chain pressures, leading to engine-related issues that safety authorities have warned could impact flight safety. The collapse of Go First follows a series of challenges, including the collapse of Silicon Valley Bank and Signature Bank in March, reflecting the competitive nature of the Indian aviation sector.

The sudden disruption in Go First’s operations is expected to benefit other airlines, potentially leading to increased airfares due to supply constraints. India’s Civil Aviation Minister Jyotiraditya Scindia assured that the government has been assisting the airline, and the issue has been taken up with relevant stakeholders.

Go First’s lenders were reportedly surprised by the bankruptcy filing, and a meeting is anticipated soon to assess the situation and determine the course of action. With 56 billion rupees ($685 million) in rated Indian bank debt, Go First’s bankruptcy filing has raised speculation about the future of the airline and potential opportunities for new stakeholders.

Despite the challenges faced by Go First, industry analysts suggest that this might not be the end for the airline, potentially paving the way for new ownership. The grounding of a significant portion of its fleet, coupled with revenue losses and increased expenses, has prompted this decision and impacted its market share. Employees, who were reportedly caught off guard, have received support messages from the airline, emphasizing commitment during this challenging time.

Discover supply chain news insights on The Supply Chain Report. Enhance your international trade knowledge at ADAMftd.com with free tools.

#GoFirstBankruptcy #IndianAviation #FleetGrounded #PrattAndWhitney #EngineIssues #AirlineIndustry #BankruptcyFiling #AviationCrisis #DebtChallenges #CivilAviation #SupplyChainImpact #RisingAirfares #AviationNews #IndiaAirlines #StakeholderDecisions

ShareTweet

Subscribe Our Newsletter

Share Your News

Whether it’s a groundbreaking achievement, a heartwarming tale, or an insightful perspective, we want to hear it. Share your news with us, and let’s amplify your voice in the digital symphony of stories.

Submit

A man is riding a bike on a hill.

The Supply Chain Report is your essential daily news website, serving as a trusted source for comprehensive coverage of the complex and ever-evolving global supply chain dynamics. Our expert team delves into the intricacies of international trade, manufacturing, logistics, importing, exporting, and supply chain management; providing in-depth analysis and up-to-date news on the latest trends, disruptions, and technological advancements affecting industries worldwide. From detailed reports on international trade through to insights into procurement strategies and inventory management, we offer valuable content that helps professionals stay informed and make knowledgeable decisions in a fast-paced market.

Each day, we bring you cutting-edge news and expert commentary that dissect significant international trade and supply chain issues Our coverage spans a wide array of sectors including manufacturing, retail, healthcare, food, consumer goods, and technology, ensuring that no matter your field, you have the strategic information needed to navigate the challenges and opportunities of today’s supply chain landscape. By synthesizing complex data and presenting actionable insights, The Supply Chain Report empowers business leaders, policymakers, and logistics professionals to optimize their operations and drive forward with confidence in an interconnected world.

Connect With Us

  • About
  • Events
  • Privacy Policy
  • Contact Us

© 2024 International Centre for Trade Transparency Limited. Incorporated in the United Kingdom.

No Result
View All Result
  • Home
  • Industry
    • Supply Chain
    • Logistics & Transportation
    • Importing & Exporting
    • Manufacturing
    • Warehousing & Distribution
  • Compliance
    • Supply Chain Transparency
    • Anti-Money Laundering (AML)
    • Know Your Customer (KYC)
    • Risk Management
    • Export Controls
    • Sanctions
  • Global Trade
    • Market Trends
    • Economic Indicators
    • Sourcing
    • Trade Policies
    • International Relations
    • Trade Agreements
    • Tariffs & Duties
    • Import/Export Statistics
  • Luxury Goods
  • Industry
    • Blockchain in Supply Chain
    • Importing & Exporting
    • Automation & Robotics
    • Artificial Intelligence in Trade
    • Data & Analytics
  • Sustainability & Ethics
    • Green Supply Chains
    • Sustainable Logistics
    • Ethical Sourcing
    • Corporate Social Responsibility
    • Environmental Policies
  • Security & Risk
    • Cybersecurity in Trade
    • Fraud & Scams
    • Risk Mitigation
    • Security Protocols
    • Data Protection
  • ITC News
    • ITC Featured Members
    • ITC Business Councils Highlights
  • Events
    • Upcoming Conferences
    • Upcoming FREE Educational Webinars

© 2024 International Centre for Trade Transparency Limited. Incorporated in the United Kingdom.