A Decade In The Air: From AWAS Ruling To The Aircraft Object Act, 2025
Leasing in Aviation Sector is dependent on the lessors’ ability to recover the aircraft quickly in case the lessee airline defaults. However, delays in deregistration cause financing risk and ultimately raise the borrowing costs for airlines. The Delhi High Court’s ruling in AWAS 39423 Ireland Ltd. v. DGCA [1]holds immense significance in this context. Almost […]
