R.N. Choubey, Indian Civil Aviation Secretary, has confirmed that the government is in the process of amending the legal framework to enable lessors to take back aircraft quickly from defaulting airlines: “We are exploring ways to de-risk the leasing business,” he said. “If the airline defaults on its terms, the leasing company or the owner of the aircraft could be allowed to take it out of the country quickly [within seven or ten days].” But India may only change the rules for those airlines involved in the regional connectivity scheme, which at this time really cannot get off of the
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