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IRREVOCABLE DE REGISTRATION
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...- 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's insolvency flight leaves trail of concerns for aircraft lessorsCurrently, Indian carriers have around 700 planes and some of them, including Air India, are expanding their fleet. Most of the commercial ...
- 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...
- 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...
- 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...
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