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Global aircraft financiers flag issues with India's repossession draft ruleThe draft, which seeks to implement the Cape Town Convention (CTC), makes it mandatory for creditors-through the Irrevocable De-registratio...- SpiceJet questions maintainability of Wilmington’s insolvency pleaSpiceJet has disputed the merit of an application by Wilmington Trust SP Services to start insolvency proceedings against SpiceJet. Wilming...
- Fresh plea filed against SpiceJet by aircraft lessor AircastleA day earlier, the NCLT had adjourned the hearing of a similar plea filed by lessor Wilmington against the airline. The matter is likely to...
- NCLT adjourns the Wilmington Trust insolvency plea against SpiceJetThis is the third case filed by the company against the airline. Two other cases under Section 9 of the Insolvency and Bankruptcy Code, 201...
- 'Go First lessor's plea to deregister aircraft has not been rejected yet'The Directorate General of Civil Aviation (DGCA) on Wednesday told the Delhi High Court that it has not rejected but kept in "abeyance" its...
- What happened to Murphy Afolabi? Nollywood Yoruba actor's cause of death revealedReports say that Murphy Afolabi died of an accident at home. He reportedly had a fall in the bathroom of his house in Ikorodu, Lagos, becau...
- How could govt stop the flight of aircraft leasing firms post NCLT's Go First ruling?The recent NCLT ruling on Go First's voluntary insolvency petition could damage India's reputation among global leasing firms and lead to h...
- Go First ruling will dent India’s image among global leasing firmsIt will also increase risk profile of India resulting in lessors charging higher risk premiums from other Indian airlines which will increa...
- With NCLT order, lessors will not be able to take back Go First aircraftGo First, formerly known as GoAir, is relieved as the National Company Law Tribunal's (NCLT) ruling prohibits owners or lessors from recove...
- Go First: Fasten seat belts' sign has been on for a long whileGo First Airlines has filed a voluntary insolvency petition with India's National Company Law Tribunal (NCLT), in addition to a request for...
- DGCA deregisters SpiceJet's 2 Boeing planes; airline says will have no impact on operationsThe Directorate General of Civil Aviation (DGCA) deregistered VT-SZK and VT-SYA on March 6 and 9, respectively, according to notices on the...
- DGCA de-registers two aircraft of SpiceJet on lessor requestThe aircraft were deregistered on the request of two Dublin-based lessors, Wilmington Trust SP Services and Aircastle (Ireland), as per a r...
- DGCA deregisters two more aircraft of SpiceJetBoeing 737-800 aircraft VT-SPU and Boeing 737-900ER aircraft VT-SGQ have been deregistered under IDERA on August 31, according to a senior ...
- Second plane lessor appeals for deregistering SpiceJet's aircraftAlterna filed the appeal by invoking the Irrevocable Deregistration and Export Request Authorization (IDERA) and filing a request with the ...
- Lessor AWAS requests de-registration of SpiceJet planes over unpaid duesThe airline's flights have also had frequent safety snags in the last two months. The DGCA issued a show cause notice to the airline recent...
- Data tools provider Webyog in Texas-based Idera’s kittyStarted in 2006, Webyog builds tools for businesses to manage, monitor and optimize popular open source databases like MySQL.
- Nitesh Estates soars 20% in early trade; here’s whyThe scrip jumped 19.95 per cent to its fresh 52-week high of Rs 15.93 on Thursday.
- New aircraft rule to give lessors greater confidence: GovernmentUnder a new provision under Aircraft Rules, 1937, the lessor upon cancellation of registration of an aircraft can approach the government f...
- Government proposes deadline to fly back de-registered leased planesThe Civil Aviation Ministry has proposed amendments to the Aircraft Act, 1937, in order to make it more easier for aircraft lessors to carr...
- India-Maldives accord soon to stop jihadi infiltration of islandsWith the Lashker-e-Toiba keen on making Maldives a terror hub, given the easy accessibility of its isolated islands.
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