Indian budget airline Go First bankrupts.

Go First, an Indian budget airline, has cancelled all flights for three days after filing for bankruptcy protection. The company blames Pratt & Whitney, a US engine maker, for grounding many of its planes, leading to a severe cash flow problem. The airline accuses Pratt & Whitney of not following an arbitrator's order. India's Civil Aviation Minister says the government has been assisting the airline. The bankruptcy filing is expected to give a boost to rival airlines. According to aviation analytics firm Cirium, 102 commercial aircraft are grounded in India, including 60 planes of Go First and rival Indigo.