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GIFT City plans bankruptcy remote SPVs to shield aircraft lessors after Go First shock
Economy
Published on 24 April 2026
A new GIFT City structure could change who bears failure risk
After the Go First collapse exposed how hard it can be for aircraft lessors to recover planes quickly, a new consultation paper proposes “bankruptcy-remote” SPVs in India’s GIFT City. The framework is designed to make repossession easier if an airline fails, potentially reducing dependence on offshore hubs like Ireland and reshaping leasing deal terms.
- A consultation paper proposes bankruptcy remote SPVs at GIFT City
- The move aims to help lessors reclaim aircraft after airline insolvency
- It could cut reliance on offshore leasing hubs such as Ireland
- Expect knock-on effects for how aircraft leasing structures are priced
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times