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India to resolve disparity in global aircraft leasing rules, national laws

A resolution could help lessors to Go First airline reclaim their planes and fly them out of the country after the carrier filed for bankruptcy protection in May

While traffic is steadily rising, it is still less than the peak in March when 7.8 million people flew and also down 50 per cent from pre-pandemic levels.

Reuters PARIS

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By Tim Hepher

PARIS (Reuters) - India is working to resolve discrepancies between global aircraft leasing rules and its national bankruptcy laws, the country's aviation secretary told Reuters on Monday on the sidelines of the Paris Airshow.

A resolution could help lessors to Go First airline reclaim their planes and fly them out of the country after the carrier filed for bankruptcy protection in May, a move that resulted in a freeze on all its assets including the jets.

 

(Reporting by Tim Hepher in Paris; editing by David Evans)

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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First Published: Jun 19 2023 | 10:06 PM IST

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