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

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