Go First airline grounded after bankruptcy filing and flight cancellations.

Go First, a cash-strapped Indian airline, has filed for bankruptcy proceedings due to the grounding of about half its fleet, blaming "faulty" Pratt & Whitney engines. The airline's total debt to financial creditors is $797m, and it has defaulted on payments to operational creditors, including $146.9m to vendors and $325m to aircraft lessors. The collapse could benefit rival airlines as the industry tries to meet a surge in post-pandemic air travel.