News > Go First crisis: Global aviation leasing watchdog puts India on watchlist with negative outlook

Go First crisis: Global aviation leasing watchdog puts India on watchlist with negative outlook

Global aviation leasing watchdog, Aviation Working Group (AWG), which monitors leasing and financial laws on behalf of plane makers and lessors, has put India on a watchlist with a negative outlook. It said India failed to comply with international aircraft repossession norms after Go First was granted protection under the insolvency proceedings. The UK-based AWG’s negative outlook comes under the Cape Town Convention, an international treaty on plane repossessions.