Go First's Bankruptcy Protection Raises Concerns for Aircraft Lessors in India
TL;DR Summary
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%.
- 'Risky jurisdiction': Aircraft lessors raise alarm over Go First crisis in India Reuters
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- 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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