Decision On Lessor Rights Will Benefit Indian Airline Sector
Most of the aircraft operated by Go First —formerly known as Go Air—have been grounded since May.
Credit: Punit Paranjpe/AFP/Getty Images
While the Indian government’s move to solidify lessors’ rights could cause headaches for bankrupt carrier Go First, in the longer term it should help second-tier Indian airlines secure aircraft lease deals. The ruling by India’s Ministry of Corporate Affairs (MCA) reinforces the ability of lessors...
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