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India was initially put on the watchlist in May and assigned a negative outlook for the failure of the lessors to repossess their planes before the freeze on Go First’s assets.
India's aviation watchdog has put on hold requests from lessors to repossess planes from airline Go First as the carrier's bankruptcy process imposes a freeze on assets which supersedes such requests, it said in a court filing.
Go First crisis: Several other parties, including new airline Akasa Air, have also expressed interest in the airport slots, the report stated.