India's Aviation Industry Faces Repossession Warnings and Grounding Crisis
India has been placed on a watchlist with a negative outlook by the Aviation Working Group (AWG), a global aviation leasing watchdog, for failing to comply with international aircraft repossession norms after airline Go First was granted bankruptcy protection. The move could raise leasing costs for Indian airlines and further hurt lessors' confidence in the world's third-largest domestic aviation market. The inability to repossess Go First's planes in a timely manner comes as Indian air travel is booming and hundreds of new jets have been ordered by local carriers, who regularly turn to lessors to help finance plane purchases.