Alok Anand from Acumen Aviation discusses the unfolding situation with Go First Airlines. With 54 aircraft in their fleet, many are being deregistered, posing challenges for the supply chain and MROs. Alok delves into the impact on lessors, owners, and the aviation industry as a whole. Learn about the potential re-marketable assets, regulatory hurdles, and the importance of enacting the Cape Town Convention in India. Tune in for valuable insights and analysis on this critical aviation issue. Don't forget to subscribe to Flight Path with Alok for more Aviation podcasts and industry discussions! As the host of Flight Path with Alok, I delved into the unfolding situation surrounding Go First in my latest podcast episode. The episode began by highlighting the deregistration of a significant portion of Go First's fleet, with 39 out of 54 aircraft facing this fate. This development has major implications for lessors and owners who have not received lease rentals for over a year. Moving forward, I discussed the challenges in the supply chain, particularly focusing on the maintenance, repair, and overhaul (MRO) sector. The process of bringing these deregistered aircraft back into service poses various hurdles, including the need for proper preservation and potential parts shortages. The involvement of original equipment manufacturers (OEMs) like Airbus and Pratt will be crucial in determining the necessary actions to restore these aircraft. Furthermore, I emphasized the importance of skilled manpower in the MROs and the careful selection of consultants to ensure the effective re-marketing of these assets. Regulatory hurdles, such as liens, charges, and taxes, also need to be navigated for these aircraft to return to the skies. A glimmer of hope lies in the re-marketability of some Go First assets, particularly those fitted with CFM engines, within the Indian aviation market. However, the future of GTF-fitted aircraft remains uncertain. I also touched upon the significance of enacting the Cape Town Convention into law in India, which could have expedited the repossession and re-marketing process for these aircraft. The episode concluded with a reflection on the lessons learned from the Go First situation and the potential impact on India's aviation credit rating. I encourage listeners to subscribe to Flight Path with Alok for more insights and engaging podcast episodes featuring prominent figures in the aviation industry. Thank you for tuning in and stay informed about the evolving aviation landscape.

MARKET INSIGHTS: https://www.acumen.aero/market-insights-view/34

Chapters

00:00 Current situation with Go First

00:47 Supply chain issues - components, manpower and MRO

03:45 Regulatory concerns- charges, GST, duties, taxes

04:22 Remarketing of assets

04:55 Lessons learnt

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 Website: www.flightpathwithalok.com