Page 14 - Aercap News Today

Pendal Group Ltd lowered its position in shares of AerCap Holdings (NYSE:AER – Get Rating) by 9.4% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,246,826 shares of the financial services provider’s stock after selling 232,500 shares during the quarter. AerCap comprises 1.1% of Pendal Group […]

The Supreme Court on Monday allowed lenders to Reliance Capital (RCap) to hold a second auction of the insolvent company, upholding the order of the company law appeals tribunal

Select Russian airlines & their insurers have started approaching AerCap for settlement.

The legal tussle began when Hindujas topped Torrent’s bid after the auction.

Vistra ITCL, Reliance Capital’s secured lender, has submitted to the NCLAT that the NCLT has acted beyond its jurisdiction at a stage where even signed plans have not been presented to lenders for consideration in the ongoing insolvency process of RCap

The appellate law tribunal has directed to list the petition on 9 February 2023, saying the appeal would be heard and decided by it

NCLT barred lenders of bankrupt RCap from conducting a second auction of its assets, terming it an ‘illegal mechanism’ to circumvent rules of bankruptcy code.

In an interim order passed on 3 January, the NCLT, granted relief to Torrent Investments, by directing the administrator of bankrupt Reliance Capital Ltd not to present the revised offer Hinduja group made past the auction deadline to the lenders until the next hearing date.

DUBLIN—The world's largest aircraft lessor AerCap on Monday warned that delivery problems at Boeing and Airbus were likely ...

Demand for air travel is booming again, boosted by Beijings decision last month to unwind zero-Covid policies.