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.

Next Story
Infrastructure Transport

Nod for Rs. 36.26 billion Expansion of Pune Metro Line 2

The Union Cabinet has approved the Rs.36.26 billion expansion of Pune Metro Line 2, adding 12.75 km of track and 13 new stations to improve east–west connectivity across the city.The project aims to link Pune’s urban core with rapidly growing suburbs, supporting the city’s rising demand for efficient and sustainable transport solutions. This expansion is part of Corridor 2 of the Pune Metro and includes two key routes: Vanaz to Chandani Chowk (Corridor 2A) and Ramwadi to Wagholi/Vitthalwadi (Corridor 2B).It will connect residential, IT, and educational hubs in areas such as Bavdhan, Koth..

Next Story
Infrastructure Transport

Assembly begins for ‘Nayak’ TBM on Thane– Borivali Twin Tunnel Project

The assembly of ‘Nayak’, the first of four Tunnel Boring Machines (TBMs) for the Thane–Borivali Twin Tube Tunnel Project, has commenced at the Thane site. Built by German firm Herrenknecht AG and deployed by Megha Engineering & Infrastructure (MEIL), the TBM marks a key milestone in Mumbai’s ambitious 11.8-km underground road corridor beneath Sanjay Gandhi National Park.The twin tunnels will reduce the Thane–Borivali travel distance by 12 km and decongest Thane Ghodbunder Road. ‘Nayak’, with a 13.2-metre diameter, is designed to bore through challenging geological conditions ..

Next Story
Infrastructure Transport

Maharashtra approves Rs.207.87 billion for Shaktipeeth expressway

The Maharashtra cabinet has approved Rs. 207.87 billion for land acquisition for the 802-km Shaktipeeth Expressway, which will connect Pavnar in Wardha district to Patradevi on the Maharashtra–Goa border.The corridor will pass through 12 districts, including Yavatmal, Nanded, Latur, Solapur, and Sindhudurg, and link with the Konkan Expressway. The expressway, aimed at enhancing religious tourism and regional connectivity, is expected to reduce travel time between Nagpur and Goa from 18 to 8 hours.It will connect major pilgrimage destinations such as Mahur, Tuljapur, Kolhapur, Ambajogai, Pand..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?