India notified final Cape Town Convention rules on January 30, a move meant to help global aircraft lessors recover planes if airlines enter insolvency, as seen in the Go First case. While the update strengthens enforcement pathways to reclaim grounded aircraft, uncertainty remains around how fully the legal framework will protect lessors in practice.
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.
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