Amid concerns of lessors in the wake of Go First insolvency proceedings, aircraft maker Airbus on Thursday said the industry hopes the government will expedite the alignment of domestic laws with international conventions and treaties.
With the initiation of insolvency resolution proceedings for Go First following the crisis-hit airline’s plea and subsequent moratorium, lessors are unable to take back their aircraft leased to the carrier.
Against this backdrop, President and Managing Director of Airbus India and South Asia Remi Maillard mentioned the alignment of domestic laws with international conventions.
