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AIRCRAFT REPOSSESSION
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 ...03 Apr, 2025, 09.17 PM IST- 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...28 Mar, 2025, 01.16 PM IST
- 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 ...16 Jan, 2025, 11.35 PM IST
- 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...02 May, 2024, 07.38 AM IST
- 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...06 Oct, 2023, 10.22 PM IST
- 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 ...26 Sep, 2023, 06.47 AM IST
- 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...05 Jul, 2023, 04.34 PM IST
- Go's suspended board files caveats against lessorsThe caveats have been filed following the National Company Law Appellate Tribunal's (NCLAT) Monday order that upheld the National Company L...24 May, 2023, 12.52 AM IST
- 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...15 May, 2023, 04.52 PM IST
- Aviation leasing watchdog issues warning to India over plane repossessionsThe move from the Aviation Working Group (AWG), a UK-based entity that monitors leasing and financing laws on behalf of planemakers and les...12 May, 2023, 01.34 PM IST
- 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...10 May, 2023, 11.10 PM IST
- 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...10 May, 2023, 10.35 PM IST
- 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...14 Oct, 2016, 01.11 AM IST
- Making aircraft repossession easier for lessors to bring down costs: Ashok Gajapathi Raju, Aviation MinisterAshok Gajapathi Raju said the ministry will start bilateral talk with other nations to increase global traffic.30 Aug, 2016, 11.02 AM IST
- 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.11 Apr, 2013, 02.20 PM IST
- 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.24 Oct, 2012, 05.06 AM IST
- Kingfisher Airlines owner Vijay Mallya calls on SBI for Rs 400 crore loanKingfisher's owner Vijay Mallya has met SBI chairman Pratip Chaudhuri to ask for a short-term loan of Rs 400 crore to meet day-to-day expen...21 Nov, 2011, 10.26 AM IST
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