Home Posts tagged insolvency proceedings
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Chiefs of Air India, Vistara, and SpiceJet on yesterday 7 held a meeting with Civil Aviation Minister Jyotiraditya Scindia in the national capital. In a social media post, the Office of the Minister said representatives from Air India, Vistara, SpiceJet, and IndiGo thanked him for the recent amendment in the Insolvency and Bankruptcy Code (IBC) […]Continue Reading
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Aviation Working Group (AWG) has further downgraded India as lessors have not been able to repossess their planes from Go First more than four months after the airline filed for insolvency. The leasing cost stands as a prominent expense for Indian airlines. With AWG’s downgrade, it is likely that lessors will increase the aircraft leasing […]Continue Reading
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