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Aviation leasing watchdog issues warning on India over plane repossessions
India has been placed on a watchlist with a negative outlook by a global aviation leasing watchdog which said it had failed to comply with international aircraft repossession norms after airline Go First was granted bankruptcy protection (www.reuters.com) Plus d'info...
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If you don't pay the bills, you will pay the price and more in a long run!
I suppose the other side of the argument is that you shouldn't have to pay for products that don't perform as advertised. P&W GTF's seem to have a history of trouble, especially in hot and dusty conditions. I'm not privy to the GO Air's financials, but according to the article half of its fleet is sitting on the ground. That can't be good for any airline.
