A terrible precedent for aviation leasing and finance is being set – Take Action!

The Indian government is to assist SpiceJet in retaining its aircraft as lessors try to repossess their equipment after breach of contract. This response comes now as we here said it might because the Indian government has recently been thrown the leeway to make this move by the huge lessor interest in the Air India RFP. The Indian government it seems will therefore not order the de-registration of SpiceJet’s leased aircraft. One wonders if this sets a dangerous precedent that will lead to the partial collapse of the Cape Town Convention in countries that decide they do not feel like