Try GOLD - Free

P&W must supply 5 engines per month to Go First: SIAC

Mint Mumbai

|

July 07, 2023

Both parties have also been directed to provide the tribunal with quarterly updates

- Anu Sharma

P&W must supply 5 engines per month to Go First: SIAC

In a respite for low-cost carrier Go First, which was forced to suspend operations due to delays in delivery of aircraft engines, the Singapore International Arbitration Centre (SIAC) has issued a directive to engine manufacturer Pratt and Whitney, instructing it to provide at least five engines every month to the airline, starting 1 August.

"The respondent must take all reasonable steps to release and dispatch to the claimant, without delay as they become available, five engines per month immediately after any engine becomes available, commencing, at latest, on 1 August 2023 and continuing through 31 December 2023, subject to further orders of this tribunal," it said in its order.

SIAC clarified that the order will not apply to any third-party engines where leases have been terminated before a moratorium was triggered on the airline’s assets, when it voluntarily filed for insolvency on 2 May.

MORE STORIES FROM Mint Mumbai

Mint Mumbai

In a sea of tech talent, companies can’t find the workers they want

There has rarely, if ever, been so much tech talent available in the job market. Yet many tech companies say good help is hard to find.

time to read

4 mins

October 03, 2025

Mint Mumbai

Mint Mumbai

Hexaware sued for $500 million in US over patent breach

American IT services firm Natsoft Corp. has sued Hexaware Technologies Ltd for breach of contract and patent infringement, seeking $500 million in damages from the latter, in one of the biggest patent cases against an Indian IT firm.

time to read

3 mins

October 03, 2025

Mint Mumbai

GST boom ahead?

India's latest goods and services tax (GST) revenue figures paint an optimistic picture.

time to read

1 min

October 03, 2025

Mint Mumbai

H-1B clampdown may extend to US college faculty

Rising anti-immigration sentiment in the US is no longer confined to moves to limit foreign technology workers from entering the country.

time to read

2 mins

October 03, 2025

Mint Mumbai

FPIs pull record ₹2 tn on valuations, weak rupee

Heavy outflows could cap market gains; Nifty returns just 0.3% in dollar terms

time to read

2 mins

October 03, 2025

Mint Mumbai

Mint Mumbai

Instant grocery delivery is going luxe to stand out

Blinkit joins the race as it expands to ozone-washed fruits and artisanal breads to cheese

time to read

2 mins

October 03, 2025

Mint Mumbai

Mint Mumbai

Next-gen reforms to tackle land, women's participation

The initiatives seek to tackle some of the intractable challenges in India's development story

time to read

2 mins

October 03, 2025

Mint Mumbai

Why India's best students face a tough job market

Students entering this year's placement season are stepping into a rough job market.

time to read

2 mins

October 03, 2025

Mint Mumbai

Mint Mumbai

Govt scans e-commerce cos’ COD charges, refund delays

The government will examine if cash-on-delivery charges imposed by online retailers are aimed at nudging consumers to pay upfront, and why refunds are delayed or blocked if prepaid orders are cancelled, said two people aware of the matter.

time to read

2 mins

October 03, 2025

Mint Mumbai

Mint Mumbai

WHY INDIA IS SEEKING A NEW SUNRISE IN JAPAN

India missed out on Japanese investment in its initial post-reform years. That could change now

time to read

7 mins

October 03, 2025

Translate

Share

-
+

Change font size