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February 15, 2025
kingfisher ATR

kingfisher ATR

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The Federal Cabinet has cleared a proposal to make it easier for leasing companies to repossess aircraft from Indian airlines that default on lease rentals. This has been a long-standing challenge.

While there is still no official word on this, sources indicate that the Federal Cabinet has approved the Protection of Interests in Aircraft Objects Bill. The Bill will prioritize the Cape Town Convention if it conflicts with local law.  The dismissal of the Cape Town Convention in India has a long history.

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Ashwini Phadnis
Former Senior Deputy Editor at Business Line (aka The Hindu Business Line)