‘Leasing costs to drop by over $1 billion,’ says Government after ensuring no more GoAir kind of holding on to planes in future

India’s promise that its airports will in future not become the graveyard for leased aircraft and engines stuck with bankrupt airlines – like grounded GoAir’s fleet at present – has led to aircraft leasing watchdog Aviation Working Group (AWG) lifting its red flags recently issued for leasing planes to desi carriers.

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