Mitsubishi HC Capital : Financial Results for the Fiscal Year Ended March 31, 2024 with script
Financial Results for the Fiscal Year Ended March 31, 2024 Mitsubishi HC Capital Inc. May 15, 2024 ...
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Financial Results for the Fiscal Year Ended March 31, 2024 Mitsubishi HC Capital Inc. May 15, 2024 ...
In October, the Union Ministry of Corporate Affairs (MCA) had exempted aircraft, helicopters and engines from moratorium under the insolvency law.
Prior to this notification, when an airline filed for insolvency, moratorium would apply and the lessor would not have been able to take back leased aircraft and helicopters from the company immediately, owing to ambiguity in law. The exemption from moratorium changes that.
After an aircraft and an engine lessor secured favourable orders allowing them to inspect their assets, aircraft lessor Bluesky 19 Leasing Company has also moved to the NCLAT against the GO First Resolution Professional
The ratings cut for India comes amid the legal battle between beleaguered airline Go First and its lessors who are seeking to repossess aircraft.