Civil Aviation Sector – CA Policy 2016, UDAN, Open Skies, etc.

Plane leasing firms may get a boost

  1. News: The Centre plans to ease norms for aircraft leasing firms to enable them to take back aircraft quickly from defaulting airlines
  2. Aim: To make its regional connectivity scheme more attractive for such lessors
  3. Background: When Kingfisher Airlines had ceased operations in 2012, the lessors faced legal hurdles in re-possessing the aircraft
  4. Why? The DGCA was not deregistering the aircraft which was an essential requirement for taking back the planes
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