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GoAir faces liquidation as key bidder withdraws revival offer

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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