Go First's Bankruptcy Protection Raises Concerns for Aircraft Lessors in India
TL;DR
Aircraft lessors, including SMBC Aviation Capital, have raised concerns over India's decision to block leasing firms from reclaiming Go First planes, warning that it will jolt the market and spark a confidence crisis. The move comes after a tribunal gave Go Airlines (India) Ltd bankruptcy protection to allow it to revive itself, but barred lessors from repossessing planes. India is a critical market for lessors, in which sale-and-leaseback deals accounted for 75% of plane deliveries from 2018 to 2022, compared with a global average of 35%.
Topics:businessaviation#aircraft-leasing#aviation#confidence-crisis#go-first#india#smbc-aviation-capital
- 'Risky jurisdiction': Aircraft lessors raise alarm over Go First crisis in India Reuters
- Go First Grounding: What's The Latest? Simple Flying
- Relief For Go First, NCLT Allows The Airline To Fly Into Bankruptcy Protection | CNBC-TV18 CNBC-TV18
- NCLT's Go First ruling may hike aircraft leasing costs: executives The Economic Times
- India's Go First Granted Bankruptcy Protection Simple Flying
- View Full Coverage on Google News
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