Pratt & Whitney on Thursday opposed Go Airlines (India) Ltd's push to enforce an arbitration ruling in an engine dispute, with the U.S. company arguing in a Delaware court that the Indian airline's bankruptcy filing has raised risks for it.
The Indian airline, widely known as Go First, approached the Delaware court to enforce an arbitration order in Singapore against Pratt & Whitney, which it blames for its financial troubles by arguing the U.S. firm failed to supply engines on time.
The arbitrator on March 30 had ordered Pratt to assist Go First and supply serviceable spare engines to the airline, which has said it grounded half of its 54 AirbusOpposing enforcement of the arbitration award in Delaware, International Aero Engines , which counts Pratt as a shareholder, argued dynamics of the dispute have changed and the engine maker faces more risks after Go First was"Go First’s recent bankruptcy filing has radically changed the field of play in terms of Go First’s need...
"The risks for IAE, which were high to begin with, have increased significantly since Go First’s bankruptcy."While the Indian airline has blamed Pratt for its financial troubles and subsequent bankruptcy filing, the engine maker argued that claim is unfounded and the airline's years-long failure to pay for the maintenance and lease charges led to the necessary suspension of services.
Go First was not a "victim in need of urgent legal redress" but in reality an "insolvent airline that materially breached its contractual obligations," it said in the filing. Reporting by Jahnavi Nidumolu and Mike Scarcella in Bengaluru and New York; Additional reporting by Aditya Kalra; Editing by Stephen Coates
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Pratt & Whitney opposes India's Go Airlines' push to enforce arbitrationPratt & Whitney opposed India's Go Airlines' push to enforce an arbitration ruling against the U.S. company for the supply of spare engines, a Delaware court filing showed.
Baca lebih lajut »
S.Y. Noh takes AT&T Byron Nelson lead with record-tying first round ThursdayMCKINNEY – S.Y. Noh tied the AT&T Byron Nelson 18-hole scoring record with a first-round 60 to take a three-shot lead on Thursday at TPC Craig Ranch. Four...
Baca lebih lajut »
2023 Land Rover Defender 130 First Edition P400 First Drive: Going Big!It’s designed to keep on going when the road runs out. But Land Rover’s biggest Defender is also a brilliant long-distance highway cruiser.
Baca lebih lajut »
Joel Embiid makes first All-NBA first team alongside Giannis Antetokounmpo; Nikola Jokić makes second teamNBA MVP Joel Embiid headlines the All-NBA first team that was announced Monday.
Baca lebih lajut »
Where to Shop Chris Pratt’s Breathable Under-$30 Underwear Fit for a Star-LordThe 'Guardians of the Galaxy Vol. 3' star shared a peek of his underpinning during an interview with Entertainment Tonight — and they're currently on sale at Amazon, too.
Baca lebih lajut »