Ad Here  
July
August
September
October
November
December
 
 
Trends point to a hung assembly Wal-Mart studying FDI norms post split with Bharti Automobile sector in slump... Vodafone slapped with tax notice of Rs 3700 crore SpiceJet in the news again Lanco to sell Australian acquisition Urja Sangam in Delhi German envoy Steiner caps a language row Carlyle invests in Trehanís Medanta Medical Centre How important is Modiís German visit... Flipkart India in the red by Rs 280 crore TVS bullish on the two wheeler market? Infosys not to cut prices Renault revving up small car launch GMR to raise US $ 250 mn thru QIP Excise duty may halt the war in SUV market ONGC to draw down on reserves to meet CAPEX needs While MoTown is on a tailspin, the telecom sector is staging a rally Singapore Airlines prefers Airbus Kolkata kisses goodbye to Ambi? Hyundai Grand i10 awaiting launch LANCO opens negotiations with buyers for Karnataka power plant Jet-Etihad Rs 2000 plus crore deal to be cleared Smartphone prices may change Plans to double trade with Latin America Capital Notes Fox Star Studios to tie-up with Bolly-wood and Kollywood Airlines hit by service tax on lease Hunt for new finance secretary on... Vodafone to buy out minority shareholders TCS, Indiaís biggest block buster Canada screams over IT outsourcing to India Latin America beckons India for investments Aircraft lessors to get protection from defaulting airlines
 
Aircraft lessors to get protection from defaulting airlines

The Directorate General of Civil Aviation is sitting on a new set of rules that will permit lessors of aircraft to impound aircraft of airlines defaulting on rentals due to them, provided the airline owns no debts to state-owned bodies or the lessor agrees to clear the debts of the airline.

The new DGCA rules are expected to bring down the aircraft lease rentals for the Indian airliners.  Rentals

had touched the ceiling after Kingfisher airlines was grounded.  The consequent payment disputes between airliners and lessors prevented the latter from taking their planes out of the country. Aircraft lessors had hit back by raising their leasing rates for the Indian market and seeking higher security deposits from the Indian airliners.

Author :
Reported On :
Sector :
Shoulder :
RELATED NEWS
ABOUT IE
IE, the business magazine from south was launched in 1968 and pioneered business journalism in south. Through the 45 years IE has been focusing on well-presented and well-researched articles. When giants in the industry stumbled to keep pace with the digital revolution, IE stayed affixed embracing technology.
Read more
 
PRIVACY POLICY
Economist Communications Ltd is committed to ensuring that your privacy is protected.
Read more
TERMS AND CONDITIONS
You agree that your use of this Website and the purchase of the magazine will be governed by these terms and conditions.
Read more
 
CONTACT US
S-15, Industrial Estate,
Guindy,
Chennai - 600 032.
PHONE: +91 44 22501236
EMAIL: indecom1968@gmail.com