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AVIATION INDUSTRY INSOLVENCY
Adani Ports to be one of implementing entities in Jaiprakash Associates insolvency planAdani Ports has signaled interest in acquiring assets from Jaiprakash Associates under an approved insolvency resolution plan. This move co...- New bill to boost aircraft leasing industry, strengthen banking ecosystem: Civil Aviation Minister NaiduThe Protection of Interests in Aircraft Objects Bill, 2025, aims to strengthen India's aircraft leasing industry and banking ecosystem by a...
- Two more insolvency pleas against SpiceJet, NCLT issues notice over Sabarmati Aviation pleaTwo more insolvency petitions were filed against SpiceJet at the National Company Law Tribunal (NCLT) on Monday by Sabarmati Aviation and J...
- After Naveen Jindal backtracks, Go First has nowhere to goNaveen Jindal group company Jindal Power, which had submitted an expression of interest for Go First, has decided not to submit a financial...
- India insolvency law change on leased aircraft would have to apply retrospectively: DGCAIndia's aviation regulator DGCA has said that changes to Indian laws excluding leased aircraft from assets that can be frozen during airlin...
- Jettwings, Jindal Power put in EoIs for bankrupt Go FirstIn a statement on Thursday, Northeast-based Jettwings Airways said it has put in an Expression of Interest (EoI) for Go First while industr...
- Spicejet and aircraft lessor Celestial Aviation in advanced stages of settlementSpicejet and Celestial Aviation Services Ltd are in advanced stages of settlement over a default of $29.9 million for nine aircraft. The ma...
- 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...
- 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...
- Deutsche Bank’s Go Airlines loans settled out of courtET first reported on May 12 that Deutsche Bank provided the Mauritius-based Wadia Group company $300 million in 2021 and 2022 by creating c...
- DGCA to conduct audit of airline's preparedness before flight resumption: Go First tells staffAviation regulator DGCA will conduct an audit of Go First's preparedness before approving the resumption of flights, the crisis-hit airline...
- Go First suspended board files caveats before Supreme Court against aircraft lessorsThe suspended board of Go First on Tuesday filed caveats before the Supreme Court against four aircraft lessors of the crisis-hit airline. ...
- Insolvency filing 'depressing' in growing Indian market, says Airbus India chief amid Go First crisisUnder the Cape Town Convention (CTC), if a lessor has invoked the Irrevocable De-registration and Export Request Authorisation (IDERA), the...
- Former Jet Airways executive Sanjiv Kapoor joins Saudia Group"I am thrilled to share that I have joined the Saudia Group as Advisor to His Excellency Ibrahim Al-Omar, Director General of the Group," S...
- 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 ...
- 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...
- 'Risky jurisdiction': Aircraft lessors raise alarm over Go First crisis in IndiaSMBC, along with firms such as Jackson Square Aviation and Bank of China Aviation, raised the alarm after a tribunal gave Go Airlines (Indi...
- 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...
- India to decide on Go First bankruptcy, lessors seeking planes fear impactGo Airlines (India), recently rebranded as Go First and the country's fourth-largest carrier, will learn its fate on Wednesday in a bankrup...
- Jet Airways 2.0 gets security clearanceIn a letter, an official conveyed “security clearance for change in shareholding pattern” in the airline. The new owners of Jet, a consorti...
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