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Synopsis
A consultation paper proposes bankruptcy-remote SPVs at GIFT City, a move that could reduce reliance on offshore aircraft-leasing hubs such as Ireland. The new framework will help aircraft lessors reclaim their assets in case an airline goes bankrupt.
At a business aviation event last week, it was a pointed question by a foreign executive that evoked some uncomfortable expressions in the room packed with Indian policymakers and industry leaders. How reliable is India’s enforcement when it comes to aircraft repossession, even after the new rules introduced earlier this year? The context was hard to ignore. Lessors and aircraft owners had faced significant hurdles in reclaiming their planes
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