Airlines

India Changes Airline Bankruptcy Rules, in wake of jet leasing dispute

According to a government notification made public on Tuesday, India has changed its insolvency rules to make leased aircraft released from an exclusion period that begins to apply when an airline declares bankruptcy.

This could help to resolve differences between the country’s bankruptcy laws and international leasing regulations. According to the notification, some provisions of the Indian Bankruptcy Code will not be applicable to transactions involving helicopters, aircraft, and their engines and frames.

EU Commission Urged to Introduce Passenger Protection Scheme Against Airline Insolvency(Opens in a new browser tab)

The notification comes at a time when Go Air’s lessors are involved in a legal dispute to reclaim their aircraft after the airline declared bankruptcy. Ramesh Vaidyanathan stated, “With this, India can hope to somewhat repair the reputation it has acquired as a risky country to lease aircraft and engines to.”

According to a source in the aircraft leasing business and an adviser to a global lessor, the Go First planes’ freeze would have an impact on new negotiations and force domestic airlines to pay larger deposits for leased planes or higher monthly rents.

Indian airline Go First declares bankruptcy and places the blame on this company.(Opens in a new browser tab)

The nation’s aviation secretary informed India in June that efforts were being made to address discrepancies between international aircraft leasing regulations and its domestic bankruptcy laws.

According to those engaged in the issue, during court procedures where the foreign lessors are attempting to reclaim their planes, it is likely that the implications of Wednesday’s announcement on the Go First case will be analyzed.

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Airlines

Air India Rolls Out A350s for Delhi-New York JFK and Newark Routes

In a major development for North American travelers, Air India has announced the deployment of its state-of-the-art Airbus A350-900 aircraft on two key routes: Delhi to New York and Delhi to Newark.

The service on the Delhi-New York route will commence on November 1, 2024, while the Delhi-Newark route will see its inaugural flight on January 2, 2025.

The introduction of the air india a350 will bring significant enhancements to Air India’s offerings, particularly with the launch of its Premium Economy class. air india retrofit This new class will feature 24 wide seats arranged in a 2-4-2 configuration, providing passengers with extra legroom and a more comfortable flying experience.

Soon, Air India aircraft will feature onboard WiFi & all-new cabins: Click here

“We are encouraged by the positive guest feedback we have received from the domestic deployment of our air india a350 interior to offer our hero product on the Delhi-New York JFK and Delhi-Newark routes. This is a significant leap forward for our U.S. operations that also underscores our commitment to continuous improvement,” said Campbell Wilson, Chief Executive Officer & Managing Director of Air India.

The A350’s Business class will set new standards with 28 private suites, each equipped with full-flat beds, direct aisle access, and personal wardrobes. Economy class will be configured to accommodate 264 passengers in a 3-4-3 layout. Across all cabins, passengers will enjoy the latest Panasonic eX3 in-flight entertainment system, offering over 2,200 hours of content.

Air India’s First A350-900: Interior, Routes, &Inflight Features: Click here

This strategic deployment marks a notable enhancement in Air India’s U.S. operations, with 60% of its flights to the U.S. now featuring new or upgraded cabin interiors. The air india new international routes currently operates 51 weekly flights to five U.S. destinations: New York JFK, Newark, Washington DC, Chicago, and San Francisco.

The revamped cabins, advanced in-flight entertainment systems, and improved service standards represent air india wifi commitment to providing a superior travel experience. “We believe this enhanced offering will solidify Air India’s position as a leading carrier and attract travellers seeking a world-class flying experience between India and the United States,” the airline stated.

Seats on these flights are now available for booking on Air India’s website, mobile app, and through travel agents, ensuring that passengers can easily plan their journeys on these newly upgraded routes.