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AIRCRAFT REPOSSESSION RIGHTS
Spirit Airlines to stop operations due to fuel prices hike? Check flight fares refund options, bankruptcy exit plansSpirit Airlines flights to be grounded soon? That's the question that has been doing the rounds after the company's bankruptcy exit plan is...- 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...
- 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 ...
- EaseMyTrip's Nishant Pitti, SpiceJet owner Ajay Singh pull out of Go First raceThe Singh-Pitti consortium's pullout leaves the revival of Go First in jeopardy. They were the frontrunners for the troubled airline with a...
- Go First revival chance fades as lenders, bidders spar on valuationA Delhi High Court order on Friday allowing lessors to repossess their aircraft has further dented hopes of reviving Go First, they said. A...
- Govt committed to keep aircraft lessors' confidence intact in Indian aviation marketThe Ministry of Civil Aviation in India has stated its commitment to reducing the risks faced by aircraft lessors in the country's aviation...
- 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 ...
- Delhi HC allows Go First lessors to access aircraft for inspection, carry out maintenanceAn Indian court on Wednesday allowed leasing companies to access aircraft leased to Go First for inspection and maintenance, though they we...
- Go First lessors' request to repossess planes on hold, not rejected: DGCADGCA has reportedly put on hold requests from lessors to repossess planes from cash-strapped airline Go First as the carrier's bankruptcy p...
- Lessors mount challenge to stop Go First from using their aircraftWhile some lessors such as BOC Aviation, Pembroke Leasing and Accipiter Investments Aircraft have moved the National Company Law Tribunal (...
- Go First insolvency: NCLAT to pass order on aircraft lessors' petitions on May 22So far this month, several lessors have approached aviation regulator DGCA for deregistration and repossession of Go First's 45 planes.
- 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 admits Go First's voluntary insolvency applicationWadia group-owned Go First on May 2 said it has filed for insolvency resolution and can no longer continue to meet financial obligations, b...
- 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 ...
- Air India & SpiceJet may be first to fly to smaller towns“Bigger jets will not be able to fly these regional routes, but airlines with smaller aircraft can… If Air India increases utilisation of s...
- Kingfisher Airlines collapse: Leasing companies reluctant to do business with Indian carriersGlobal leasing companies have hiked lease rentals on their planes in India after they found it difficult to repossess planes following defa...
- Lessors to get first right on planes when airlines defaultThe absence of a policy on repossession of aircraft became a major irritant after Kingfisher Airlines defaulted on lease payments.
- Cautious approach towards Indian carriers by leasing cos: CAPAAircraft leasing companies and financers have started adopting a cautious approach towards carriers, with threatening to pull out of India.
- DGCA deregisters 15 Kingfisher aircraftDGCA deregisters 15 aircraft of KAF to enable global leasing companies to take them back on grounds of default on their lease rentals by th...
- Why Kingfisher Airlines' problems are affecting both established airlines and start-upsThe seven-year-old airline had not made a profit since inception, but that was the least of the carrier’s worries.
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