BOC Aviation has moved the National Company Law Tribunal (NCLT) to secure an Airbus A320Neo aircraft that it has leased to Go First, the cash-strapped airline.
BOC Aviation (BOCA) made the application after an appellate court on Monday upheld NCLT’s order admitting Go First’s insolvency petition.
The appellate court’s order is a setback for lessors like BOCA that have sought repossession of 45 of Go First’s 54 aircraft for rental default.
BOC Aviation’s application said its aircraft be kept out of the moratorium granted to Go First. The lessor’s application is expected to be heard on Wednesday or Thursday.
