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PLANE RENTAL
SpiceJet to resume Boeing 737 MAX flights from October 5The no-frills airline's pilots are currently being retrained on these planes, which were banned for flying by several countries including I...- SpiceJet gets lease rental waiver of Rs 300 crore for 4 Boeing MAX aircraftThe 13 MAX aircraft in its fleet have been leased from five lessors. The airline recently announced that it has agreed on a settlement with...
- IndiGo Q4 results: Firm posts quarterly loss of Rs 871 crore as costs rise, pandemic hitsRevenue for the Jan-Mar quarter grew just 4.5% to Rs 8,635 crore from Rs 8,260 crore a year earlier.
- Dubai aerospace wants a health check on SpiceJetThe ultimate penalty of non-payment is repossession of the leased planes.
- IndiGo seeks deferring aircraft lease rental payments by six months, says sourceAirlines are grappling with acute financial woes as commercial services remain suspended in the wake of the nationwide lockdown to curb spr...
- SpiceJet Q3 profit rises 23% on aggressive accountingIn the 2018 December quarter, the carrier recorded a profit of Rs 55 crore.
- Jet delays bank payments, puts ‘own planes’ in dangerJet reached out to the MNC banks with the hope they would not pull the trigger.
- With 15 more grounded, Jet Airways has just 20 planes in operations nowJet Airways has grounded 15 more aircraft due to non-payment of rentals to lessors.
- Jet Airways grounds 2 more planes, total 23 out of operationsWith the grounding of two more planes, almost 20 per cent of aircraft in the airlines fleet are now out of operations.
- Jet Airways grounded six more planes due to non-paymentJet Airways also continues to provide required and periodic updates to the Directorate General of Civil Aviation in this regard, the airlin...
- Jet Airways grounds more planes; scrip slips over 3%Reports show that in the last two months Jet has trimmed its fleet by 28 planes and will ground about a dozen more in March.
- Jet Airways defaults on aircraft lease payments to MC Aviation“Jet took the planes on lease in 2013,” the executive said, requesting anonymity.
- Jet Airways' lessor to decide on repossessing plane after board meetingIndia’s second largest airline by market share has taken five Boeing 737 NG planes on lease from MC Aviation.
- AirAsia India still pays higher lease rentals than market ratesAirAsia India’s fleet—currently 18—has an average age of 8.4 years. The age has increased as it inducted 4 planes aged over 10 years, in 20...
- New accounting standards likely to create turbulence for airlinesIndia adopted IFRS on April 1, 2016. PwC estimates that the new accounting standard would impact at least 20 industries, ranging from retai...
- Air India aims to raise $470 million to fund Dreamliner planesThe state-run carrier had in 2005-06 placed an order for 27 Boeing 787 Dreamliner planes as part of the mammoth 111 plane order placed with...
- Airlines like IndiGo, Air India, GoAir in a fix as lessors seek long-term agreementSale and leaseback — wherein an airline sells its plane to a lessor at a premium and leases it back — is a common strategy adopted by airli...
- Air India meets leasing companies to rework terms and conditionsAir India on Friday met aircraft leasing companies to rework terms and conditions before it floats a tender to lease Airbus A320 planes.
- 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...
- Vijay Mallya's woes worsen as lessors take back 34 planesBesides, another 15 aircraft of the company are also aground due to want of spares, and the airline is now left with only 15 planes to carr...
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