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AIRCRAFT LESSORS INDIA
AirAsia X to keep lowering fares as jet fuel prices fallAirAsia X is slashing fares by 5% and reviewing prices weekly as jet fuel costs ease following a U.S.-Iran peace deal. The Malaysian budget...- SpiceJet funding crunch delays pilot pay, messages show, as it seeks state-backed loanSpiceJet is delaying pilot salaries since March, seeking an emergency government loan to stabilize operations amid rising fuel costs and re...
- Global airline chiefs to confront Iran war fuel shock at industry summitAirline leaders meet in Rio de Janeiro facing a major industry crisis. The Iran war is increasing jet fuel costs and disrupting flights. Th...
- GIFT City showcases India’s scale, growth opportunities to global investors: SitharamanUnion Finance Minister Nirmala Sitharaman reviewed GIFT City in Gandhinagar. She noted its significant progress and strategic role in India...
- BOC Aviation to lease three more Boeing 737-8200 aircraft to Akasa AirBOC Aviation has signed a new deal to lease three Boeing 737-8200 aircraft to Akasa Air. These planes will be delivered by the end of 2026....
- Parliament passes Aircraft Objects Bill to boost lessor protections, streamline leasing processThe Rajya Sabha has passed the Protection and Enforcement of Interests in Aircraft Objects Bill, streamlining the aircraft leasing process ...
- Aviation Minister moves Aircraft Objects Bill in Rajya Sabha for consideration after 3-year delayThe Protection and Enforcement of Interests in Aircraft Objects Bill has been introduced in the Rajya Sabha to allow aircraft leasing compa...
- Cabinet approves bill making repossession easier for aircraft lessorsThe union cabinet approved the Protection and Enforcement of Interests in Aircraft Objects Bill, allowing lessors to repossess aircraft in ...
- Lessors to repossess all 54 Go First aircraft as DGCA deregisters themThe Delhi High Court had on April 26 directed the Directorate General of Civil Aviation (DGCA) to process the deregistration applications o...
- Centre exempts aircraft from moratorium protection of IBCThe Indian government has issued a notification exempting aircraft and aircraft engines from the mandatory moratorium placed over assets du...
- Aviation leasing watchdog cuts India's compliance rating amid Go First tussleThe move by the Aviation Working Group (AWG), a UK-based entity that monitors leasing and financing laws, comes as bankrupt budget carrier ...
- Go First lessor seeks replacement of parts 'robbed' from grounded planes in IndiaAn Ireland-based lessor wants cash-strapped airline Go First to replace "robbed" parts from its leased jets and allow it to appoint round t...
- Government aims to table Cape Town Convention Bill in monsoon sessionThe proposed Bill will give primacy to the Cape Town Convention in case of conflict with any other local law, primarily the Insolvency and ...
- Go First crisis: What's the Cape Town Convention? Why do we need it?The decision by the bankruptcy court will also increase India's risk profile, resulting in lessors charging higher risk premiums from other...
- NCLT's Go First ruling may hike aircraft leasing costs: executivesThe Indian bankruptcy court's decision to allow Go First's voluntary insolvency petition and bar aircraft lessors from repossessing the car...
- 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...
- 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...
- Foreign-registered planes may get nod to operate in IndiaExemption from this rule will make it easier for the lessor to take back the aircraft in case of a dispute with the airline operating the a...
- Fresh trouble for Kingfisher: Now, lessors reclaim grounded aircraftLessors are clearing dues owed by the airline to AAI and repossessing leased aircraft, currently grounded in a few airports.
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