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Delhi HC directs DGCA to process deregistration of leased aircraft to GoFirst

The court has granted access to lessors to their aircraft. The Airports Authority of India (AAI) will communicate with the lessors regarding export of aircraft and airworthiness

Delhi , India , Ajay-singh , High-court , Delhi-high-court , Nishant-pitti-busy-bee-airways , Airports-authority-of-india , Spicejet , Ministry-of-corporate-affairs , Directorate-general , Civil-aviation , Airports-authority

Go Air RP Unable To Undertake Regular Maintenance Of Lessors' Aircrafts: Delhi High Court Issues Show Cause Notice For Contempt

The Delhi High Court has issued a show cause notice to the Resolution Professional (RP) of crisis-hit Go Air as to why contempt proceedings be not initiated against him, observing that he was unable...

Ireland , Delhi , India , Justice-tara-vitasta-ganju , Go-airlines-india , National-company-law-appellate-tribunal , Delhi-high-court , Ireland-designated-activity-company , Aviation-capital , Go-airlines , Supreme-court , Aircraft-holdings-ire

Low cost airlines and lessors: leasing is mutually pleasing

Low-cost airlines lease 68% of their fleets, higher than the global average of 53%, with IndiGo being the biggest LCC lessee with 951 outstanding aircraft orders.

Malta , Frontier-airlines , Southwest-airlines , Pegasus-airlines , Centre-for-aviation-fleet-database , Jetblue , Ryanair , Boeing , Spirit-airlines , Aviation-fleet , Malta-air

Aircraft leasing in equilibrium at just over half the world fleet

53% of commercial aircraft globally are leased, with the share higher in Europe and lower in North America, offering airlines fleet flexibility and access to capital.

United-states , America , Centre-for-aviation-fleet-database , Aviation-fleet-database , Asia-pacific , Urope , Iddle-east , Orth-america , Ircraft-financing , Easing , Atin-america

Delhi HC gives SpiceJet February 15 deadline to pay lessors $4 million

The HC has warned the airline that in the event it does not pay the money, it will be constrained to pass orders in the application seeking the engine's grounding.

Delhi , India , France , Saket-satapathy , Ajay-singh , Rajshekar-rao , Sandeep-sethi , Anandh-venkatramani , Spicejet , Tuli-co , National-company-law-tribunal , High-court

Delhi HC directs SpiceJet to pay $450,000 to two engine lessors by January 3

The lessor, Team France 01 SAS and Sunbird France 02 SAS moved a suit alleging that the airline has not paid them a sum of $12.9 million for a over two years. They furthermore asked the court to restrain the airline from using their three engines despite the termination of lease

France , Justice-rekha-palli , Anandh-venkatramani , Rajshekar-rao , Sandeep-sethi , Supreme-court , Team-france , Aircastle-ireland-ltd , Willis-lease-corporation , Delhi-high-court-on , National-company-law-tribunal , Spicejet

Aviation Working Group downgrades India ratings amid Go First, lessors fight over possession of aircraft

The Delhi High Court on Wednesday instructed the Resolution Professional (RP) overseeing the crisis-hit Go First to submit an affidavit in response to a lessor’s plea for contempt action. The lessor has accused the RP of non-compliance with the court order.

India , Cape-town , Western-cape , South-africa , National-company-law-tribunal , Cape-town-convention , Ministry-of-corporate-affairs , Delhi-high-court-on , Aviation-working-group , United-kingdom-based , Business-standard

Exclusive: Spicejet promoter Ajay Singh in talks with credit funds to raise $100 million

Several global funds are in discussions and talks are currently focussed around the pricing of the loan, which is likely to be structured credit transaction, sources aware of the ongoing negotiations told Moneycontrol on condition of anonimity

India , Delhi , United-kingdom , Kalanidhi-maran , Ajay-singh , Spicejet , Wadia-group , Delhi-high-court , Akasa-air , Spicejet-promoter-ajay-singh , Picejet , Apital-infusion

Go First case: RP says airline has 8000 operational creditors, seeks appointment of representative

The NCLT questioned the RP on whether such an order could be passed without giving notice to the operational creditors, and urged him to make them a party in the application. The RP however contended that such an order could be passed without giving notice to the operational creditors.

Delhi , India , Diwakar-maheshwari , Nimit-ailwadi , National-company-law-appellate-tribunal , Delhi-high-court , National-company-law-tribunal , Resolution-professional , Bankruptcy-code , Corporate-insolvency-resolution-process , Director-general , Civil-aviation

Go First case: Six months on, where does the litigation stand?

Currently, the grounded airline is fighting litigation on two fronts, at the NCLT and the Delhi High Court. Moneycontrol explains how these cases have played out over the last six months, what their status is now, and when they are likely to be taken up.

Ireland , Delhi , India , United-states , American , Ministry-of-corporate-affairs , National-company-law-appellate-tribunal , High-court , Delhi-high-court-on , Delhi-high-court , Supreme-court