Go First blames Covid-19, Pratt & Whitney as losses double in FY22

Go First said it has been sanctioned additional loans of Rs 1,142 crore in FY22 from its bankers

Go First said its net loss more than doubled to Rs 1,807.91 crore in FY22 due to US-based Pratt and Whitney’s (PW) delay in supplying engines and multiple waves of Covid-19 that affected air travel, according to its regulatory filings last week reviewed by Business Standard.

The airline’s fleet comprises 54 aircraft and approximately 90 per cent of them are A320neo aircraft with PW engines. According to sources, around 20 A320neo aircraft of Go First are currently grounded due to delay in supply of engines.

Go First did not respond to Business Standard’s queries on whether it raised any claims on PW