Go First case: Another lessor moves NCLAT moves against NCLT order permitting airline to use aircraft
The case is expected to be heard by the tribunal shortly as it was listed at the Registrar's court today.
Source: moneycontrol.com
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Airline Lessee Have A Globally Recognized Chapter 11 Alternative
The use by Malaysia Airlines' subsidiary, MAB Leasing Ltd., of an English Scheme of Arrangement to compromise aircraft lease obligations proved that US Chapter 11 is not only route to globally recognised compromise. Airline lessors should prepare for this as an alternative.
Source: natlawreview.com