Center proposes draft law allowing aircraft lessors to repossess planes in case of a dispute

Center proposes draft law allowing aircraft lessors to repossess planes in case of a dispute

The Ministry of Civil Aviation, on Friday, notified that it proposes to introduce the Protection and Enforcement of Interests in Aircraft Objects Bill 2022; that looks at facilitating international aircraft leasing companies to re-possess and transfer planes in case there is a financial dispute with an Indian airline. Planes can be repossessed and taken out … Read more