Latest News for: Aircraft leasing

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Centre bars bankrupt airlines from holding on to leased aircraft and engines in the future

Deccan Herald 05 Oct 2023
</p>.<p>“Believably, since there would be no stay on alternate proceedings now, for example, initiation of money recovery proceedings which is usually barred once moratorium kicks in, such aircraft leasing companies could now file for money recovery in civil courts, ...
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India changes insolvency rules to exclude leased aircraft

Reuters 04 Oct 2023
Section 14 of India's Insolvency and Bankruptcy Code, which imposes a moratorium on assets of a company undergoing insolvency, will not apply to aircraft covered by the global aircraft leasing rules under the Cape Town Convention - a treaty designed to protect repossession rights.
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Govt notifies bankruptcy code changes to make aircraft recovery easier

Live Mint 04 Oct 2023
According to a report by Primus Partners, India has about 800 commercial aircraft, of which 80% are on lease.Aviation Working Group, a global watchdog representing aircraft makers and leasing firms, downgraded India's compliance score last month, citing delays in Go First’s ...
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Govt strengthens norms for insolvent airlines’ aircraft, equipment recovery

Business Line 04 Oct 2023
... will no longer apply to aircraft, their engines, airframes, and helicopters ... In the case of Go First, which filed for bankruptcy in May, the court had previously ruled that the moratorium extended to leased aircraft and engines, preventing lessors from reclaiming their assets.
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ECB's Centeno says rate cycle likely completed, inflation retreating

Reuters 04 Oct 2023
BusinesscategoryIndia changes insolvency rules to exclude leased aircraft. India has amended its insolvency rules to exclude leased aircraft from a moratorium that kicks in when an airline goes into bankruptcy, according to a government notification released on Tuesday, a move ...
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Centre exempts aircraft from moratorium protection of IBC

The Economic Times 04 Oct 2023
... by the National Company Law Tribunal that put a moratorium on lessors repossessing aircraft leased to Go First.
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India Changes Airline Bankruptcy Rules After Go First Leased Aircraft Drama

Simple Flying 04 Oct 2023
India has reportedly updated its insolvency regulations ...
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Euro zone bond rout continues as Treasury yields surge to 2007 levels

Reuters 04 Oct 2023
BusinesscategoryIndia changes insolvency rules to exclude leased aircraft. India has amended its insolvency rules to exclude leased aircraft from a moratorium that kicks in when an airline goes into bankruptcy, according to a government notification released on Tuesday, a move ...
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Skyryse and Air Methods Announce Delivery of H130 Helicopter, Catalyzing Certification Program

Victoria Advocate 04 Oct 2023
Certification Advancement For Both�Skyryse Powered H130 and H125 Aircraft Solidified with Delivery of H130 Helicopter, Revolutionizing Aviation Safety and Enhancing Emergency Medical Services ... Air Methods' fleet of owned, leased, or maintained aircraft features approximately 400 helicopters and fixed wing aircraft.
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FTAI Aviation Ltd. Announces Timing of Third Quarter Earnings and Conference Call

Enid News & Eagle 04 Oct 2023
NEW YORK, Oct. 04, 2023 (GLOBE NEWSWIRE) -- FTAI Aviation Ltd. (NASDAQ. FTAI; the "Company" or “FTAI”) plans to announce its financial results for the third quarter 2023 after the closing of Nasdaq on Wednesday, October 25, 2023 ... Additionally, FTAI owns and leases jet aircraft which often facilitates the acquisition of engines at attractive prices ... .
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Malta to launch new national airline in 2024

Gulf News 04 Oct 2023
Dubai. Malta’s government will shut down loss-making airline Air Malta in March next year and immediately replace it with another flag carrier after the European Union denied state aid for the current carrier ... He said the airline will continue to operate Air Malta’s current mix of eight leased Airbus A320 aircraft ... With inputs from Reuters. .
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Euro zone bond rout takes break as ECB policymaker says rate hikes cycle nearly done

Reuters 04 Oct 2023
LONDON, Oct 4 (Reuters) - Euro zone bond yields steadied as a selloff in U.S. Treasuries that sent Germany and Italian yields to over a decade high on Wednesday paused for breath, with European Central Bank policymakers suggesting the rate hike cycle is likely completed ... BusinesscategoryIndia changes insolvency rules to exclude leased aircraft ... ....
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Instant View: World's biggest bond markets hit by wave of selling, then bounce

Reuters 04 Oct 2023
NEW YORK, Oct 4 (Reuters) - A sell-off in Treasuries continued overnight before paring losses, with long-term yields pushed to highs unseen since the global financial crisis ... "We are still likely in the early stages of the repricing of “high for long” ... , opens new tab ... BusinesscategoryIndia changes insolvency rules to exclude leased aircraft ... ....
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SMBC Aviation receives insurance settlement over Aeroflot jets stranded in Russia

RTE 03 Oct 2023
Ireland-based aircraft lessor SMBC Aviation Capital said it had received a cash insurance settlement of $710m for its jets previously leased to Russia's state-owned airline Aeroflot ... SMBC Aviation said it would continue its efforts to mitigate the losses on aircraft previously leased to other Russian airlines.

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