Lessors Skeptical Of Cape Town Treaty In India
IndiGo A320neo
Credit: Airbus - Master Films - Hervé Goussé
India has belatedly amended its insolvency law to exclude leased aircraft from assets that can be frozen in line with the 2001 Cape Town Convention, which encourages lessors to rent jets to airlines under the condition that they can repossess the aircraft smoothly when carriers default. The catalyst...
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