GoFirst is under pressure to remit rentals for a large part of its fleet or face the prospect of grounding, just as the peak season for flying approaches.
According to sources, GoFirst owes close to $100 million in lease rentals to lessors. Amid its scuffle with Pratt and Whitney and potential lawsuit, at least three lessors have asked the airline to remit lease rentals that have been deferred due to the Covid-19 pandemic. Industry experts believe that this could be a huge hit for the…