News > Pratt & Whitney to bear $181 million loss on Go First insolvency

Pratt & Whitney to bear $181 million loss on Go First insolvency

American engine manufacturer Pratt & Whitney (P&W) has incurred a loss of $181 million after its Indian customer Go First filed for insolvency in May this year. "Pratt & Whitney recorded an operating profit of $230 million, down 24 per cent versus the prior year. Q2 2023 operating profit included the impact of a charge related to customer insolvency of $181 million," the company said.