Mumbai: Malta-based luxury charter operator and lessor VistaJet has moved to terminate its leasing arrangement with Anil Ambani’s Reliance Transport & Travel Pvt. Ltd (RTTL). While the lessor has requested the Indian aviation regulator the Directorate General of Civil Aviation (DGCA) to de-register two of its Bombardier jets operated by RTTL, the latter stated that they have not defaulted on any payments against the lease.
VistaJet filed an irrevocable de-registration and export request authorisation (IDERA) for two Bombardier Global 5000 aircraft, registered in India as VT-JSK and VT-VIV, last week. The move is a formal push to repatriate the long-range business jets, based in Nanded and operated by the Reliance Group subsidiary.
The IDERA is a powerful legal tool under the international treaty of Cape Town Convention, which protects the rights of aircraft lessors and financiers. The treaty mandates that once an IDERA is invoked, the host country’s aviation regulator – in this case, the DGCA – is mandated to de-register the aircraft and facilitate its export.
According to sources, the Indian regulator is in the final stages of approving the request. The DGCA has already dispatched communications on Friday to various stakeholders, including airport operators and fuel suppliers, to verify if there are any outstanding dues against the two airframes before they are cleared for departure.
21/04/2026 Dhairya Gajara/Free Press Journal
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