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Why Gofirst Bankruptcy is a GENIUS business strategy? | Business Case Study
Go Airlines (India) Ltd was granted bankruptcy protection on Wednesday, bolstering the country’s fourth-largest carrier’s chances of getting back on its feet, but lessors have started mounting legal challenges to repossess planes.
The low-cost carrier recently rebranded as Go First, was plunged into a financial crisis this year, sparked by what it called “faulty” Pratt & Whitney engines that grounded about half its 54 Airbus A320neos.
Hence, if you’re looking to understand the entire story behind go first bankruptcy, what happened to go first, why go first flights are getting cancelled and why did Go First go bankrupt, you’re at the right video!