India has amended its insolvency law to exclude leased aircraft from assets that can be frozen, a long-awaited move expected to shore up the financing ..
India has amended its insolvency rules to exclude leased aircraft from a moratorium that kicks in when an airline goes into bankruptcy, according to a government notification released on Tuesday,.
The impact of Wednesday’s announcement on the Go First case is likely to be discussed during ongoing court proceedings where the foreign lessors are seeking to repossess their planes, according to people involved in the case.
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