DGCA to deregister two Boeing 737s leased to SpiceJet

The Directorate General of Civil Aviation (DGCA) of India has deregistered two Boeing 737s that were leased to SpiceJet as per the terms of Irrevocable De-registration and Export Request Authorizations (IDERA).  The aircraft’s registration was revoked at the request of two lessors, Wilmington Trust SP Services and Aircastle (Ireland). Under the provisions of the Cape Town Convention, in the event of a default, lessors and lenders are authorised to seek deregistration of a leased aircraft. Senior official from DGCA said, “Under the provisions of Irrevocable De-registration and Export Request Authorisations (IDERA) it has happened.” Spokesperson from the airline confirmed: “While