Aerospace giant Boeing is concerned about the impact on aircraft lease rates in India due to the recent National Company Law Tribunal (NCLT) order debarring aircraft lessors from repossessing their planes from insolvent Go First.
About 88 per cent of 673 commercial planes with Indian carriers were on lease as on May 3, according to aviation analytics firm Cirium’s data. Therefore, airlines in India pay a big chunk of their revenues as lease rent.
Before the NCLT order of May 10, lessors had put in applications with the Directorate General of Civil Aviation (DGCA) to repossess more than 40 of Go First’s 54 planes. At least three lessors — SMBC Aviation Capital, SFV Aircraft Holdings,
