Go First Bankers Enlist Burford Capital for Pratt & Whitney Lawsuit
AVIATION & AIRPORTS

Go First Bankers Enlist Burford Capital for Pratt & Whitney Lawsuit

The lenders of Go First airline have hired Burford Capital to pursue litigation against engine manufacturer Pratt & Whitney, intensifying their legal efforts in the ongoing dispute over engine supply issues. Go First, which has faced significant disruptions in its operations due to Pratt & Whitney?s alleged failure to deliver engines on time, was forced to ground many of its aircraft.

Burford Capital, a global leader in legal finance and investment, has been engaged to provide financial backing and legal expertise for the lawsuit. This step marks a crucial move by Go First?s lenders, as they seek to recover losses and restore the airline?s financial health.

Go First had filed for insolvency earlier, blaming the engine supply delays from Pratt & Whitney as a major factor in its financial struggles. The airline argued that the manufacturer?s failure to meet its contractual obligations caused extensive losses and disruptions, leading to the grounding of more than half of its fleet.

This litigation is expected to be a significant legal battle, with potential ramifications for the aviation industry, particularly concerning contractual obligations between airlines and engine manufacturers. Go First?s lenders are determined to pursue all possible legal avenues to ensure compensation and safeguard the future of the airline.

The involvement of Burford Capital is seen as a strategic move that could strengthen the lenders' position, giving them the financial support needed to challenge Pratt & Whitney effectively in court.

The lenders of Go First airline have hired Burford Capital to pursue litigation against engine manufacturer Pratt & Whitney, intensifying their legal efforts in the ongoing dispute over engine supply issues. Go First, which has faced significant disruptions in its operations due to Pratt & Whitney?s alleged failure to deliver engines on time, was forced to ground many of its aircraft. Burford Capital, a global leader in legal finance and investment, has been engaged to provide financial backing and legal expertise for the lawsuit. This step marks a crucial move by Go First?s lenders, as they seek to recover losses and restore the airline?s financial health. Go First had filed for insolvency earlier, blaming the engine supply delays from Pratt & Whitney as a major factor in its financial struggles. The airline argued that the manufacturer?s failure to meet its contractual obligations caused extensive losses and disruptions, leading to the grounding of more than half of its fleet. This litigation is expected to be a significant legal battle, with potential ramifications for the aviation industry, particularly concerning contractual obligations between airlines and engine manufacturers. Go First?s lenders are determined to pursue all possible legal avenues to ensure compensation and safeguard the future of the airline. The involvement of Burford Capital is seen as a strategic move that could strengthen the lenders' position, giving them the financial support needed to challenge Pratt & Whitney effectively in court.

Related Stories

Gold Stories

Next Story
Products

Koemmerling opens Navi Mumbai experience centre

Koemmerling, a brand of the profine Group, has expanded its presence in the Mumbai metropolitan region with the opening of a new experience centre in Navi Mumbai and launched its Allure S46 minimal sliding door system for the Indian market.Located in CBD Belapur, the facility was inaugurated by Peter Mrosik, Owner and CEO, profine Group, along with Farid Khan, Chairman and Managing Director, profine India, and Kamal Bajaj, CEO, profine India.The company said the new centre will showcase its portfolio of uPVC and aluminium window and door systems to architects, developers and homeowners.The ina..

Next Story
Products

India's waterproofing market nears Rs 150 bn milestone

India's waterproofing industry is approaching a market size of Rs 150 billion and is expected to surpass the $2 billion milestone, according to speakers at the 2nd India International Waterproofers Conference & Expo 2026 organised by the Waterproofers Association of India (WAI) in New Delhi.The two-day event brought together more than 20 speakers, 55 international delegates and 53 exhibition booths, with discussions focusing on climate-resilient construction, advanced waterproofing technologies and international collaboration.Inaugurating the event, Durga Shanker Mishra, former Secretary, ..

Next Story
Real Estate

Dilip Buildcon Q1 FY27 Revenue at Rs 23.78 billion

Dilip Buildcon Limited reported consolidated revenue from operations of Rs 2,378 crore in Q1 FY27, along with EBITDA of Rs 429 crore and profit after tax of Rs 128 crore.Consolidated EBITDA margin stood at 18.1%, improving from 17.1% in Q4 FY26. On a standalone basis, revenue from operations was Rs 1,930 crore, EBITDA stood at Rs 199 crore and PAT was Rs 39 crore, with an EBITDA margin of 10.3%.The company’s order book stood at Rs 27,691 crore as of 30 June 2026, compared with Rs 28,830 crore as of 31 March 2026. Roads and highways accounted for 17.1% of the order book, irrigation and water ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement