India excludes leased aircraft from airline bankruptcy rules

India has amended its insolvency regulations to exclude leased aircraft from postponed payments when an airline goes bankrupt. According to Reuters, keeping leased aircraft from a moratorium that begins when an airline halts operations due to bankruptcy and further indicating that some stipulations will not apply to transactions that relate to aircraft, engines, airframes, and helicopters. India’s Section 14 of India’s Insolvency and Bankruptcy Code will now not apply to global aircraft leasing rules under the Cape Town Convention.