Go Air Fliers Vent on Twitter as Another India Carrier Grounded
- Many took to social media worrying about high rebooking costs
- Bankruptcy not likely to put major strain on banks: Jefferies
Aircraft operatred by Go Airlines India Ltd. in New Delhi, India.
Photographer: T. Narayan/BloombergThis article is for subscribers only.
Go Airlines India Ltd.’s slide into bankruptcy has left travelers frustrated and confused, with many worried about how expensive re-booking tickets may be against the spiraling cost of air fares.
The airline, majority owned by billionaire Nusli Wadia’s Wadia Group, is the latest to go under in one of the world’s fastest-growing aviation markets. It blames its fate on the inability of Pratt & Whitney, a unit of Raytheon Technologies Corp., to service and supply engines on time for the Airbus SE jets it flies.