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Centre planning to bring in two-month asset freeze rule for bankrupt airlines: Report

In October, the Union Ministry of Corporate Affairs (MCA) had exempted aircraft, helicopters and engines from moratorium under the insolvency law. ....

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aviation: Government mulls two-month asset freeze for bankrupt airlines

The government is considering a two-month moratorium rule for the aviation sector to prevent lessors from immediately taking away aircraft of a bankrupt airline after default, thereby paralyzing its operations. The Ministry of Corporate Affairs (MCA) had exempted aircraft, helicopters, and engines from moratorium under the insolvency law in October. ....

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Raj era Aircraft Act 1934 to go but Viceroy's Territory call sign for India-registered planes to stay | India News

India News: India is planning to replace the colonial-era Aircraft Act of 1934 with a new Aircraft Bill in 2023. The aim is to modernize and simplify processes in ....

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HT interview: Airports working on plan to tackle peak season rush, says Scindia

Civil aviation minister Jyotiraditya Scindia tells HT in an interview that 16 of India’s busiest airports are working on a government-coordinated plan to tackle peak season rush | Latest News India ....

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Aviation Min, MCA Take Different Flight Paths on IBC Moratorium

The civil aviation ministry has asked the corporate affairs ministry for exemption from the asset moratorium rule for leased aircraft during the insolvency resolution of an airline, persons aware of the details said. ....

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