Go First Bankers Enlist Burford Capital for Pratt & Whitney Lawsuit

26 Aug 2024 CW Team

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.

Infrastructure Urban

10 Mar 2026

ABB to Invest Rs 6.25 Billion to Expand India Manufacturing

ABB recently announced plans to invest approximately Rs 6.25 billion ($75 million) in India during 2026 to expand its manufacturing footprint and research and development capabilities. The investment follows more than $35 million spent in 2025 and reflects the company’s continued focus on strengthening its ‘local-for-local’ strategy in the country.The investment will support ABB’s Electrification, Motion and Automation businesses and expand manufacturing capacity for infrastructure sectors such as renewable energy, metro rail, data centres and industrial applications. Approximately 300..

Six WOLFF Cranes Handle 60,000 m³ Concrete for German Hospital

Six WOLFF tower cranes are playing a key role in constructing a new hospital complex in Memmingen, Germany, supporting large-scale material handling for the project. The facility is being built on a 7.7-hectare site and will feature six floors, around 480 beds and a gross floor area exceeding 75,000 sq m.Building shell works began recently in February 2025. One WOLFF 6531.12 Cross crane supported early site preparation before being dismantled in autumn 2025, while five remaining cranes continue operations. Over an average deployment period of 16 months, the cranes are expected to move approxim..

REC Funds Rs 115.6 Million CSR Support for Bihar Eye Hospital

REC recently committed Rs 115.6 million under its Corporate Social Responsibility (CSR) programme for the procurement of clinical and non-clinical equipment at Sankara Eye Hospital in Saharsa, Bihar. The initiative aims to strengthen healthcare infrastructure and improve access to specialised eye care services in the region.A Memorandum of Agreement (MoA) was recently signed between Pradeep Fellows, Executive Director (CSR), REC Limited, and Wg Cdr V. Shankar (Retd), Trustee and Executive Director of Sankara Eye Hospital, at the REC office in the SCOPE Complex, New Delhi.The support is expecte..