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Explained | The troubles of India’s aviation industry

How GoFirst became bankrupt and a detailed explantion of the high operational costs that India’s aircraft industry faces

The Hindu

Owner has no plans to exit Go First

BANGALORE: Go First Airlines (India) Ltd owner Wadia Group is completely committed to the airline and had no plans to exit it, the airline's chief executive told Reuters in an interview on Wednesday.

Bangkok Post

Go First has lengthy history of missing financial obigations, says Pratt & Whitney official

After Go First filed for bankruptcy blaming jet engine maker Pratt & Whitney (P&W) for grounding half of its fleet, the US aerospace major hit back stating that the budget airline has a "lengthy history of missing its financial obligations." Read further on Dynamite News:

Dynamite News

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Pratt & Whitney posts 16% sales increase in 2nd quarter, citing passenger return to air travel, manufacturing boost

More shop visits for parts and repairs and rising jet engine manufacturing powered a 16% increase in second-quarter sales at Pratt & Whitney, its parent company, Raytheon Technologies Corp., said Tuesday.

Tribune News Service

Recovering Air Travel To Aid Raytheon (RTX) Q2 Earnings

Raytheon Technologies Corp. (NYSE: RTX) is set to release second-quarter 2022 results on Jul 26, before market open.

Benzinga

GE CEO to take reins at its aviation business as comeback in airline travel is marred by supply chain bottlenecks, labor shortages

General Electric Co.’s chief executive officer will take on the additional job as CEO of its aviation unit, the Boston-based company announced Monday.

Tribune News Service

Pratt & Whitney and Lockheed Martin defend costly and troubled F-35 fighter jet and its engine

The chief financial officers of Raytheon Technologies Corp. and Lockheed Martin Corp. on Wednesday defended the F-35 fighter jet and its engine following another critical government report that said it too often fails to meet targets for mission capable rates.

Tribune News Service

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Pratt & Whitney to open capability centre in Bengaluru

Aircraft engine maker says Hyderabad continues to be a focus city

The Hindu

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