While a major round of consolidation is still likely to occur in the Indian airline industry, the process is taking longer to play out than expected years ago.
Grounded Indian carrier Go First has been granted another extension of its bankruptcy protection period as its creditors assess bids to take over the company.
Emirates plans to reveal further orders taking fleet plans into the 2030s, but new players like Riyadh Air and a revived Indian aviation sector are emerging.
The ruling by India’s Ministry of Corporate Affairs (MCA) reinforces the ability of lessors to reclaim their aircraft when an airline declares insolvency.
While the notice does not mention it, the ministry’s action was almost certainly due to the dispute between embattled Indian carrier Go First and its lessors.
Potential investors have been invited to express interest in Indian LCC Go First, with prospective bidders asked to submit expressions of interest by Aug. 9.
In the latest round of legal decisions, Delhi’s High Court approved a request by lessors to be able to maintain their aircraft while they are grounded.
