cleared its dues.
Banks and other lenders also contemplated similar moves and there were several court cases, with the leasing firms, which actually owned these planes, not able to get them back.
After their experiences with Kingfisher, the leasing firms had "made life difficult" for Indian carriers by putting stringent conditions for leasing aircraft, Shrivastava said.
"To ensure government's commitment to abide by the Cape Town Convention, we have decided to incorporate changes in Aircraft Act and Rules (1934) to align with the Convention and satisfy the lessors," he said in reply to questions.
Cape Town Convention is a global treaty to standardise transactions involving movable property like aircraft and their engines, railway equipment and space assets.
On enhancing regional connectivity, Shrivastava said a policy on the issue was on the verge of being finalised.
"We asked the airlines to start their homework on how to go ahead. The steps would include acquiring small aircraft and deciding on the preferred destinations (Tier-II and III destinations). They expressed keenness in this regard."
Referring to decisions taken at the recent state aviation ministers' meeting here, he said the airlines were ready to launch more operations from non-metro airports like Bagdogra-Kolkata, Agartala-Kolkata, Coimbatore-Mumbai and Coimbatore- Delhi. Some of them would be launched in the next 30-60 days or during the coming Winter Schedule.
Regarding flights to places like Leh, Andaman and Nicobar and Lakshadweep islands, the Ministry suggested that the airlines could consider charging special fares for the local residents and dynamic fares for tourists. "Distinction needs to be made between tourists and locals who want to travel to the mainland for routine work," he said.