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.
Bu hikaye Mint Mumbai dergisinin July 07, 2023 sayısından alınmıştır.
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Bu hikaye Mint Mumbai dergisinin July 07, 2023 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
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