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After Delhi HC order, DGCA starts processing deregistration of Go First aircraft thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.
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. ....
By Surajeet Das Gupta With a combined share of over 86 per cent in the quarter ended June, the domestic airline market is already a duopoly between IndiGo and the Tatas. The consensus among experts and the aviation industry is that it is here to stay. The Tata group’s acquisition of State-owned Air India ....
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. ....