> Indian budget airline Go First files for bankruptcy / 33EC2EG
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Indian budget airline Go First files for bankruptcy / 33EC2EG
Clip ID 2187980
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Description
Debt-laden Indian budget airline Go First –- the country's fifth-biggest domestic carrier -- has filed for bankruptcy protection, blaming "faulty" engines from US aerospace company Pratt & Whitney for the grounding of about half its fleet. India's aviation sector is fiercely competitive, and several airlines have run aground due to some combination of poor management, overleveraging and adverse market conditions. IMAGES AND SOUNDBITES