NCLT rejects appeals against GoAir using leased aircraft

The National Company Law Tribunal (NCLT), on Wednesday, rejected the request of six lessors to stop Go First from using their leased planes for its operations, highlighting the “ulterior objective” behind deregistration while lessors “were aware” that the airline has filed for bankruptcy.

Earlier, lessors including Bluesky 31 Leasing Co, Jackson Square Aviation Ireland Ltd, SMBC Aviation, BOC Aviation Ltd and Engine Leasing Finance Ltd had asked the bankruptcy court to stop Go First from operating the aircraft that they had leased for commercial purposes as the lease agreements have already been terminated.