Go First intend to legally contest the aviation authority’s interpretation aiming to potentially enabling lessors to repossess planes.
Search Results: lessor (202)
The potential recovery of the grounded Indian low-cost carrier Go First may encounter obstacles if a court upholds aircraft lessors demands.
Aircastle (Ireland) Ltd, an aircraft lessor, has declined SpiceJet (SG) Airlines’ proposal to provide shares in lieu of its outstanding payments.
Go First (G8), had a hard time this week as Lessors were allowed to inspect its aircraft engines, failed talks with Delhivery, and more employees resigned from the airline.
On Thursday (July 3, 2023), the Delhi High Court ruled that the concept of scheduled maintenance does not encompass the operation of aircraft, and it prohibited the financially distressed airline Go First (G8) from discontinuing maintenance flights.
Delhi High Court has directed the Directorate General of Civil Aviation (DGCA) and other concerned parties to grant aircraft lessors of financially strained airline Go First (G8) access, inspection, and the ability to conduct maintenance on its leased aircraft at least twice a month.
Dublin-based Wilmington Trust SP Services Ltd, an aircraft lessor, has filed a petition with the National Company Law Tribunal (NCLT) to commence insolvency proceedings against SpiceJet, a low-cost carrier based in India.
SpiceJet was given notice and instructed to list the case for the next hearing on May 17 by a two-member Principal bench of the NCLT led by President Ramalingam Sudhakar.
SpiceJet is at risk of losing 2 additional aircraft. Lessors of the airline’s jets have requested the Directorate General of Civil Aviation (DGCA) to de-register the 2 SpiceJet Boeing 737 aircraft it owns.
All India Aircraft Technicians wrote a letter to Airbus & Lessors regarding the current situation of Indian airline’s maintenance standards.