‘Scarred’ and ‘egregious’: Global lessors frustrated by Go First case

“Scarred”, “burnt”, “egregious”, and the “yellow light of caution” — these are a few of the terms that global aircraft and engine lessors used on Tuesday to express their deep frustration over their inability to repossess their planes and engines from Go First due to ongoing court cases.

Go First ceased flight operations on May 3 following the submission of an insolvency application to the National Company Law Tribunal. On May 10, the tribunal imposed a moratorium on the airline’s assets, effectively preventing lessors from reclaiming their approximately 45 aircraft (and engines on them) from the carrier. This decision has left lessors profoundly discontented.