Nok Air's decision to ground leased aircraft results in contractual complications with lessors
Nok Air’s decision to ground six leased B737-400s as part of its survival plan has reportedly led to contractual complications with aircraft lessors, GECAS and AerCap, both of whom have stated the LCC needs to honour the lease agreements for the aircraft. Nok Air confirmed it has been in dicussions with the lessors over the decision and is confident of a good outcome.
Become a CAPA Member to access Analysis Reports
Our Analysis Reports are only available to CAPA Members. CAPA Membership provides exclusive access to in-depth insights on the latest developments in the aviation and travel industry, developed by our team of dedicated analysts located in Europe, North America, Asia and Australia.
Each report offers a fresh perspective on the latest industry trends and is available online or via the CAPA mobile app, with customisable alerts to help you stay informed and identify new business opportunities.
CAPA Membership also provides access to our full suite of tools, including a tailored selection of more than 400 News Briefs every weekday and comprehensive data and analysis on thousands of companies around the world.