Govt move to help aircraft financing

Govt move to help aircraft financing
Govt moved ‘Protection of Interests in Aircraft Objects Bill’ for consideration in Rajya Sabha on Friday, which seeks to streamline aircraft financing and leasing while ensuring a secure and investor-friendly aviation sector in the country. Aviation minister Ram Mohan Naidu moved the bill, which empowers aircraft leasing companies to repossess planes if airlines fail to pay lease rentals.
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