Dubai Aerospace Enterprise (DAE) Capital has told an Indian court it detected corrosion of some parts and “a greenish deposit” on a plane leased to bankrupt airline Go First, after another lessor complained about “robbed” parts.
Foreign lessors have been engaged in a legal tussle to repossess their aircraft after the Indian airline was granted bankruptcy protection in May, imposing an asset freeze that blocked the recovery of 50 plus grounded Airbus planes.
The lessors currently are only allowed an occasional inspection of the grounded Go First planes, which DAE and others claim are not being properly maintained.
In a September 6 filing seeking to ensure the airline carries out maintenance, DAE submitted pictures to the Delhi High Court showing corroding plane parts and said the aircraft will “continue to deteriorate, resulting in a sharp decline in the value of the asset.”
Earlier this month, lessor ACG Aircraft Leasing, asked a court to direct the airline to replace “robbed” parts from its leased jets and allow it to appoint around the clock security to guard grounded aircraft.
Published in The Express Tribune, September 15th, 2023.
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