Update: Practice Groups - Aviation & Aerospace And Insolvency & Restructuring

Much needed relief for the Lessor community in the fastest growing Aviation economy inthe world!

Eleven months since the admission of the Go First insolvency, the Delhi High Court has passed a significant orderon April 26, 2024, allowing the writ petition filed by certain aircraft lessors of Go First to deregister a total of 54aircraft.

Synopsis: In this Order, the Delhi High Court, inter-alia: (i) directs the Directorate General of Civil Aviation ("DGCA") to deregister the aircraft within five working days; (ii) permits the export of the aircraft pursuant to the Aircraft Act, the Aircraft Rules, and other applicable laws, with the DGCA facilitating the export by providing the Export Certificate of Airworthiness and other documentation; (iii) restrains Go First from disassembling parts of the aircraft; (iv) dismisses the petition filed by Go First's Committee of Creditors ("CoC") and allows lessors to inspect their respectiveaircraft, with the DGCA and Airports