IndiGo, GoAir finances to be hit: 70 flights cancelled after A320 grounding

The impact of the inability to add new A320 neo planes on IndiGo's market share is likely to be minimal, since no rival carrier has any major expansion plan

IndiGo and GoAir cancelled another 70 flights on Tuesday -- a day after the airlines had to ground 11 planes following the aviation regulator's order on this -- because of a recurring malfunction in engines. The airlines said the affected passengers would be accommodated in other aircraft, though a change in schedule was likely.
 
The problem stems from a component in certain engines manufactured by Pratt and Whitney (PW), which can show early signs of wear, and is located in an area that must withstand high pressure.
 
A senior airline official said the grounding was taking a toll