Air India, Vistara, IndiGo, and SpiceJet chiefs meet Scindia

High-ranking representatives from 4 main airways in India, together with Air India, SpiceJet, Vistara, and IndiGo, convened in Delhi, on Tuesday to fulfill Union Minister of Civil Aviation, Jyotiraditya Scindia, to precise their gratitude for a latest authorized modification that has important implications for the aviation business.

Air India’s Managing Director and CEO, Campbell Wilson; Vistara’s CEO, Vinod Kannan; SpiceJet’s Chairman and Managing Director, Ajay Singh, together with IndiGo’s Principal Advisor, R Ok Singh, have been current on the assembly.

“Representatives from four airlines including Air India, Spice Jet, Vistara, and IndiGo met Hon’ble Minister @JM_Scindia Ji and thanked him for the recent legal amendment pertaining to the issuing of a notification under Section 14 (3) of the Insolvency and Bankruptcy Code, 2016 exempting aircraft equipment covered under CTC from the application of moratorium,” the minister’s workplace subsequently posted on ‘X’, together with the images of the gathering.

“The decision is a big relief for aircraft lessors as it is expected to create a favorable environment in India by reducing their risk and allowing them to repossess their aircraft,” it added.

[With Inputs from IANS]

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