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Top related persons:
Adnan Abidi - 1 DAE - 1 Arpan Chaturvedi - 1 Aditya Kalra - 1
Top related locs:
New Delhi India DELHI Delhi
Top related orgs:
REUTERS - 1 Dubai Aerospace Enterprise - 1 Go - 1 ACG Aircraft Leasing - 1 BOC Aviation - 1 SMBC Aviation Capital Aviation - 1 Thomson - 1

Search resuls for: "Dubai Aerospace Enterprise"


3 mentions found


☆ Dubai Aerospace flags corrosion in plane leased to India's bankrupt Go First
  + stars: | 2023-09-14 | by ( Arpan Chaturvedi | ) www.reuters.com   time to read: +2 min
REUTERS/Adnan Abidi/File Photo Acquire Licensing RightsNEW DELHI, Sept 14 (Reuters) - Dubai Aerospace Enterprise (DAE) Capital has told an Indian court it detected corrosion of some parts and "a greenish deposit" on a plane leased to bankrupt airline Go First, after another lessor complained about "robbed" parts. The lessors currently are only allowed an occasional inspection of the grounded Go First planes, which DAE and others claim are not being properly maintained. DAE court documents show it was worried about a lack of covers on cabin and cockpit seats "which would eventually lead to fungus formation", according to an internal e-mail contained in the filing. Indian media outlet Mint reported on Thursday that another lessor, BOC Aviation, also told the Delhi court about algae formation as the planes were not covered. Go First lessor SMBC Aviation Capital Aviation in May told an Indian court that Indian bankruptcy law, which blocks plane repossession, will jolt the market and spark a confidence crisis.
Persons: Adnan Abidi, DAE, Arpan Chaturvedi, Aditya Kalra Organizations: REUTERS, Dubai Aerospace Enterprise, Go, ACG Aircraft Leasing, BOC Aviation, SMBC Aviation Capital Aviation, Thomson Locations: New Delhi, India, DELHI, Delhi
☆ Little room for gloom at Dublin's Davos for aircraft financiers
  + stars: | 2023-01-20 | by ( Padraic Halpin Conor Humphries | Padraic Halpin | Conor Humphries | ) www.reuters.com   time to read: +4 min
"Our industry is still climbing out of - call it a 100-year event, call it a macro shock of epic proportions. "We are bullish and these are the reasons why I suspect there's a disconnect between the Davos in Switzerland and the Davos in Dublin," Cronin told Reuters. "It's a good time to be a lessor," said Tony Diaz, chairman of the smaller Zephyrus Aviation Capital. It's probably easy to take that second one too," Robert Korn, president and co-founder of fast growing Carlyle Aviation Partners, added. Additional reporting by Tim Hepher and Joanna Plucinska Editing by Mark PotterOur Standards: The Thomson Reuters Trust Principles.
☆ Factbox: Aircraft lessors sue insurers for $8 billion over trapped Russian planes
  + stars: | 2022-11-30 | by ( ) www.reuters.com   time to read: +4 min
LONDON, Nov 30 (Reuters) - Aircraft leasing firms are suing dozens of insurers for around $8 billion in a string of lawsuits over the loss of hundreds of aircraft stuck in Russia since Moscow's invasion of Ukraine. Lessors argue the aircraft are covered by policies against war or theft, but insurers point out the planes are undamaged and might yet be returned. Here is a list of claims filed against insurers in London, Dublin and the United States, with the most recent filing listed first. SMBC AVIATION CAPITAL VS LLOYD'S OF LONDONSMBC filed a claim against Lloyd's of London (SOLYD.UL) in the Irish High Court on Nov 28. BOC AVIATION VS 16 INSURERSBOC Aviation has begun legal action against 16 insurers, according to an Irish High Court filing on Nov 3.
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