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CAPE TOWN CONVENTION
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 ...- 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...
- 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...
- Govt approves bill to ease aircraft leasing rules, reducing costs for airlinesThe government's move to approve a new bill changing India's aircraft leasing rules will reduce leasing costs for airlines, giving priority...
- Govt to ratify Cape Town Convention; will boost aircraft leasing activities in India: OfficialThe Union Cabinet has approved a bill to ratify the Cape Town Convention, which will aid in leasing aircraft in India. This move supports o...
- 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 ...
- Government mulls two-month asset freeze for bankrupt airlinesThe government is considering a two-month moratorium rule for the aviation sector to prevent lessors from immediately taking away aircraft ...
- AWG downgrades India again as lessors fail to get back planes from Go FirstGlobal watchdog group Aviation Working Group (AWG) downgraded India to "negative" from "positive" on Thursday as foreign lessors have not b...
- 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...
- Aviation Working Group cuts India's compliance rating amid Go First-lessor issuesUnder the Cape Town Convention (CTC), lessors can take back the possession of aircraft leased to airlines. Since Go First is undergoing an ...
- 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 ...
- 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...
- Go First crisis will not change Indian aviation's growth trajectory: BoeingAgainst the backdrop of insolvency proceedings being initiated against cash-strapped Go First, Boeing India President Salil Gupte said it i...
- 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...
- 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...
- 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...
- Government plans to bring in Cape Town Convention Act for civil aviation sectorThe government plans to bring in the Cape Town Convention Act which will help reduce risks related to asset-based financing and leasing tra...
- 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.
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