In relief to lessors, moratorium under bankruptcy code no longer applies to aircraft, engines

Notification issued by MCA exempts such assets to better align with global treaty protecting lessors’ rights to repossess high-value equipment in cases of default.

5 October, 20231 min
0
In relief to lessors, moratorium under bankruptcy code no longer applies to aircraft, engines

You may also like

Business
Story image

Abu Dhabi’s $16 billion push to become a finance magnet

Highlights from Abu Dhabi Finance Week, Qatar’s new (and bolder) AI ambition and the bid for Warner Bros. Discovery.

Business
Story image

The pressures on Tadawul index and Saudi’s attempt to fix them

Saudi Arabia’s primary market has been facing challenges despite a rather busy IPO pipeline.

Business
Story image

Adani circles nuclear power as India rethinks the rules

As India prepares to throw open its nuclear sector to private players, the conglomerate is taking position. But the technology, economics and risks look far tougher than anything it has scaled so far.