Higher leasing bills, jet recovery dispute will hit airline costs: AerCap

India’s fast-growing airline industry faces higher leasing bills and growing hesitation from financiers after foreign lessors were blocked from recovering jets caught up in the bankruptcy of Go First, the head of leasing giant AerCap told Reuters.

An Indian tribunal last month granted a request from India’s sixth-largest carrier for bankruptcy protection, putting into effect a moratorium on its assets that prevents foreign aircraft lessors from taking planes out for almost a year.

In an interview, AerCap Chief Executive Aengus Kelly said the world’s largest leasing company had earlier recovered planes from Go First, previously called Go Air, but called the court move “wrong and unfair” and warned of its wider implications.