Magzter GOLDで無制限に

Magzter GOLDで無制限に

10,000以上の雑誌、新聞、プレミアム記事に無制限にアクセスできます。

$149.99
 
$74.99/年

試す - 無料

Keen on reducing risks for lessors: Aviation ministry

Mint Mumbai

|

October 07, 2023

Change in IBC norms to let lessors recover their aircraft during insolvency proceedings

- Anu Sharma

Keen on reducing risks for lessors: Aviation ministry

The Centre is committed to keeping the confidence of aircraft lessors in the Indian aviation market intact by reducing their risks, the ministry of civil aviation said on Friday, as global aircraft makers and leasing groups welcomed a move to protect the interests of lessors.

The remarks by the civil aviation ministry follow changes made to the earlier Insolvency and Bankruptcy Code (IBC) by the corporate affairs ministry on 3 October, allowing aircraft lessors to recover their aircraft during insolvency proceedings.

In a statement, the civil aviation ministry said the earlier IBC regime was impacting agreements between Indian airlines and foreign lessors.

According to the ministry, legal entities dealing with aircraft financing and leasing estimate that Indian carriers spend $1.2-1.3 billion more in rentals because of the difficulties in aircraft recovery.

Mint Mumbai からのその他のストーリー

Mint Mumbai

Mint Mumbai

A seven-seater SUV with a touch of style

The Volkswagen Tayron brings refined European flavour to the three-row SUV space, offering premium interiors and features

time to read

3 mins

October 03, 2025

Mint Mumbai

Mint Mumbai

Thyssenkrupp-EP Group JV ends, Jindal gains clear run

EP Group agrees to exit the talks, returning its 20% stake in Thyssenkrupp Steel Europe

time to read

2 mins

October 03, 2025

Mint Mumbai

Mint Mumbai

India gets $13 billion investment pledges to make electronic parts

India’s scheme offering incentives to create an electronics component supply chain has generated strong interest as the Centre received 249 applications, proposing investments totalling $13 billion (₹1.15 trillion), according to Union information technology (IT) minister Ashwini Vaishnaw.

time to read

1 mins

October 03, 2025

Mint Mumbai

Russia looking to 'escalate': Zelensky

Ukraine’s president Volodymyr Zelensky warned Europe on Thursday that recent drone incursions showed Russia was looking to “escalate” its aggression, as he offered his country’s war-honed expertise to help counter the threat.

time to read

1 min

October 03, 2025

Mint Mumbai

Mint Mumbai

Auto parts cos grow abroad, following Motherson model

Companies scout for global opportunities in forgings, castings, interiors and electronics

time to read

3 mins

October 03, 2025

Mint Mumbai

Hackers extort executives after claiming Oracle apps breach

Executives and technology departments at large organizations are being extorted by a notorious ransomware group that claims to have stolen their data from a suite of popular Oracle Corp. applications.

time to read

1 min

October 03, 2025

Mint Mumbai

Mint Mumbai

Instant grocery delivery is going luxe to stand out

Blinkit joins the race as it expands to ozone-washed fruits and artisanal breads to cheese

time to read

2 mins

October 03, 2025

Mint Mumbai

Apple puts Vision Pro revamp on back burner

Apple Inc. has hit pause on a planned overhaul to its Vision Pro headset to redirect resources toward a more urgent effort: developing smart glasses that can rival products from Meta Platforms Inc.

time to read

1 min

October 03, 2025

Mint Mumbai

Mint Mumbai

The latest attack on H-IBs has bipartisan support in America

Trump’ anti-immigration agenda could prove to be a vote winner

time to read

3 mins

October 03, 2025

Mint Mumbai

India needs its boring machines to be made at home: Here's how

We could get relief from the chokehold of foreign firms through a well-crafted 'Make in India' plan

time to read

2 mins

October 03, 2025

Translate

Share

-
+

Change font size