GoAir ceased operations and may face liquidation following Nishat Pitti's bid withdrawal. The decision came after lessors reclaimed their grounded aircraft. Founder-CEO of EaseMyTrip, Pitti, withdrew the bid citing strategic priorities and unreimbursed tickets tied up with Go. The airline's downfall is attributed to faulty engines from Pratt & Whitney used in the Airbus A320 planes.
from Times of India https://ift.tt/QkWNxUI
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