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India Business News: Small, financially weak and startup Indian airlines could now find it costlier to lease aircraft — which in turn could mean higher airfares and negati
After the hearing, the court deferred the proceedings and the tribunal is now scheduled to hear the matter on 31 July.
Go First Lessors: Lessors have made several attempts to reclaim planes for missed payments
In a surprise announcement On May 2, Go First had said that it was voluntarily filing for insolvency with the NCLT, blaming US-based engine manufacturer Pratt & Whitney for its financial situation
Aircraft lessor Aircaslte's plea seeks to initiate insolvency proceedings against SpiceJet alleging that the airline has failed to pay its outstanding dues