Thursday, August 04, 2022

DGCA de-registers 3 SpiceJet aircraft within 5 days of request from lessor; another may be de-registered on Friday

New Delhi: The Directorate General of Civil Aviation (DGCA) on Thursday de-registered three Boeing 737s leased to SpiceJet on the request of the lessor made under provisions of Irrevocable De-registration and Export Request Authorisations (IDERA).

One more B737 with SpiceJet is likely to be de-registered on Friday, say sources. The three de-registered aircraft have been placed at Hyderabad and the Ireland-based lessor now owned by a Gulf company will fly them from there, they added.

The regulator has decided on the lessors’ within the five-day period as stipulated by IDERA that is a part of the Cape Town Convention and provides for the owner of an aircraft to get the same de-registered from the name of a third party in cases like default of lease rentals.

“The DGCA has to check with various authorities if there are any tax dues on the aircraft within the given time frame. The idea is to ensure aircraft lessors don’t face issues in repossessing planes from defaulting (on lease rentals)/defunct airlines,” say officials.

SpiceJet says these returns are part of its “fleet modernisation” plans and will have no impact on its operations.

04/08/22 Saurabh Sinha/Times of India

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