Explainer: India & The Cape Town Convention
The Go First insolvency matter has aircraft lessors worried about repossessing the planes they had leased to the airline, thanks to the company assets getting protection from seizure under the IBC. But, with signs that India would ratify the Cape Town Convention, lessors should feel reassured. Rohit Vaid explains what the convention is
The Cape Town Convention
The Cape Town Convention or CTC is a global treaty which guarantees the rights of lessors to repossess their leased high-value equipment like aircraft, helicopters and engines in case of payment defaults.
