Protection and Enforcement of Interests in Aircraft Objects Bill 2022

On 13th April, 2022, the Ministry of Civil Aviation issued Protection and Enforcement of Interests in Aircraft Objects Bill, 2022.

Need

  • India’s reputation in the aircraft leasing industry has taken a hit in the last decade to the point where the country’s airlines had to face higher lease charges, with many regional carriers even refused airplanes for rent.
  • Several Indian laws such as the Companies Act, 2013 and the Insolvency and Bankruptcy Code, 2016 are in conflict with the Cape Town Convention and Protocol.
  • Further, International leasing companies also faced challenges in repossessing and exporting aircraft when Jet Airways shut down ....
Do You Want to Read More?
Subscribe Now
To get access to detailed content
Buy June 2022 Issue

Already a Member? Login here

Take Annual Subscription and get the following Advantage
The annual members of the Civil Services Chronicle can read the monthly content of the magazine as well as the Chronicle magazine archives.
Readers can study all the material before the last six months of the Civil Services Chronicle monthly issue in the form of Chronicle magazine archives.
Be an Annual Subscriber

Related Content