new delhi the directorate general of civil aviation dgca has deregistered three spicejet aircraft on lessors request of which two were grounded and one in use lessors had filed applications for repossessing two more spicejet planes they subsequently asked dgca to put their requests on hold so we have not acted on them said a senior official after go first declared bankruptcy earlier this month lessors have so far filed requests with dgca to repossess 45 go first and five spicejet planes under idera lessors use this option in cases like default of lease rentals and aviation regulators have to deregister aircraft within five days of getting this requestforeign lessors have been alarmed ever since national company law tribunal nclt admitted go firsts plea for voluntary insolvency due to which their request for repossessing 45 of gos 54 aircraft cannot be processed following this aircraft leasing watchdog awg issued a watchlist notice for india it warned this case would have a direct and material impact on future financings and leases to indian airlineslessors are scared after the go first episode and will try to repossess their planes at the first sign of financial troubles in an indian carrier as they now know if the airline goes into insolvency they will not be able to get their planes back said an industry insider spicejet cmd ajay singh had recently ruled out filing for insolvency there is absolutely no question of filing for insolvency he had saidthe past few months have seen some lessors filing applications with dgca to repossess their planes from the airline we have a great relationship with all our partners our lessors have supported us through thick and thin and continue to do so and we are grateful for their support ajay singh had said