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Top related persons:
Adnan Abidi - 2 ACG - 2 Aditi Shah - 2 lessors - 1 Arpan Chaturvedi - 1 Simon Cameron - 1 Moore - 1 Pratt - 1
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New Delhi India Ireland Delhi DELHI NEW DELHI U.S
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REUTERS - 2 Go - 2 Airbus - 2 Court - 2 ACG Aircraft Leasing - 2 Bankruptcy - 2 Pembroke Aircraft Leasing - 2 SMBC Aviation - 2

Search resuls for: "Pembroke Aircraft Leasing"


4 mentions found


☆ Go First lessor seeks replacement of parts "robbed" from grounded planes in India
  + stars: | 2023-09-06 | by ( Aditi Shah Arpan Chaturvedi | Aditi Shah | Arpan Chaturvedi | ) www.reuters.com   time to read: +2 min
Go First has been locked in legal disputes with many of its foreign lessors since being granted bankruptcy protection in India in May. Bankruptcy froze its assets and has prohibited the recovery of more than 50 grounded Airbus (AIR.PA) planes. Go First, whose lessors also include Standard Chartered's Pembroke Aircraft Leasing, SMBC Aviation and BOC Aviation, did not respond to a request for comment. The world's second-largest aircraft lessor, SMBC, warned in May that India's decision to block leasing firms from reclaiming Go planes would jolt the market and spark a confidence crisis. Reporting by Aditi Shah and Arpan Chaturvedi in New Delhi; Editing by Simon Cameron-MooreOur Standards: The Thomson Reuters Trust Principles.
Persons: Adnan Abidi, ACG, lessors, Aditi Shah, Arpan Chaturvedi, Simon Cameron, Moore Organizations: REUTERS, Go, Airbus, Court, Reuters, ACG Aircraft Leasing, Bankruptcy, Pembroke Aircraft Leasing, SMBC Aviation, BOC Aviation, Thomson Locations: New Delhi, India, DELHI, Ireland, Delhi
☆ Fan blades, engine parts go missing from Go First jets, lessor says
  + stars: | 2023-08-26 | by ( Aditi Shah Aditya Kalra | Aditi Shah | Aditya Kalra | ) www.reuters.com   time to read: +2 min
The lessors have so far unsuccessfully argued in Indian courts to get their planes back, citing concerns that parts could go missing and hurt their assets. In a non-public filing dated July 28 and reviewed by Reuters, ACG submitted pictures and details to the Delhi High Court, listing missing parts from two Airbus A320 planes it inspected. These included the captain's "side stick" used to fly the aircraft, a tiller that helps steer it while on the ground, engine fan blades that were "completely missing", a partly missing toilet seat and an escape slide that had been removed. The filing does not say who took out the parts or how they went missing. Go First, whose lessors also include Standard Chartered's Pembroke Aircraft Leasing, SMBC Aviation and BOC Aviation, did not respond to a request for comment.
Persons: Adnan Abidi, ACG, Pratt, Aditi Shah, Aditya Kalra, William Mallard Organizations: REUTERS, NEW, Go, ACG Aircraft Leasing, Bankruptcy, Reuters, Court, Airbus, Pembroke Aircraft Leasing, SMBC Aviation, BOC Aviation, Raytheon, Whitney, Thomson Locations: New Delhi, India, NEW DELHI, Ireland, Delhi, U.S
☆ India stalls lessors' requests to reclaim Go First planes due to asset freeze
  + stars: | 2023-05-30 | by ( Aditya Kalra Aditi Shah | Aditya Kalra | Aditi Shah | ) www.reuters.com   time to read: +2 min
NEW DELHI, May 30 (Reuters) - India's aviation watchdog has put on hold requests from lessors to repossess planes from Go First, as the airline's bankruptcy process imposes a freeze on assets which supersedes such requests, the regulator said in a court filing seen by Reuters. Lessors of Go First have locked horns with Go First and India's Directorate General of Civil Aviation (DGCA) to reclaim its planes for missed payments, filing as many as 40 requests with the watchdog to allow repossession. Go First's lessors include Standard Chartered's Pembroke Aircraft Leasing, SMBC, CDB Aviation's GY Aviation Leasing and BOC Aviation. India has ratified the treaty but the DGCA argued there was no local legislation enforcing it, rendering it ineffective. The DGCA filing said local laws "prevail over provisions of any international treaty that India is a signatory to".
☆ India's Go First, lessors lock horns as bankruptcy hearings begin
  + stars: | 2023-05-05 | by ( Arpan Chaturvedi Siddhi Nayak | Arpan Chaturvedi | Siddhi Nayak | ) www.reuters.com   time to read: +3 min
The cash-strapped airline wants the tribunal to accept its plea and is seeking an interim moratorium to save its assets, a move the lessors oppose. Go First did not immediately respond to a request for comment on the lessors' bid to deregister the planes. Engine failures have cost the airline 108 billion rupees ($1.3 billion) in lost revenue and expenses, it said. Amid the dispute between the lessors and the troubled airline, banks with exposure to it are awaiting the tribunal's decision to decide their next course of action, two people involved in the talks told Reuters. The company owes financial creditors 65.21 billion rupees ($798 million), its bankruptcy filing showed, and had not defaulted on any of those dues by the end of April.
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