Key Points
Aircastle, a lessor to Indian budget airline SpiceJet Ltd, told a tribunal on Wednesday that settlement talks with the company over unpaid dues were inconclusive...
The Ireland-based lessor earlier this month sought to initiate bankruptcy proceedings against SpiceJet over non payment of lease rentals and other dues..
The airline owes Aircastle around 500 million rupees ($6 million), a lawyer present at the hearing told Reuters...
Following this, Spicejet's lessors, including SMBC Aviation, have in recent weeks submitted over half a dozen requests to India's aviation regulator to de-register their planes and fly them out as dues remain pending...
You might be interested in
NCLT to decide on Go First bankruptcy, lessors seeking planes fear impact
10, May, 23If the Indian tribunal admits Go First's plea, it will lead to appointment of a new resolution professional who will take over management to revive the airline run by India's Wadia Group. A decision is expected at 10:30 a.m. (0500 GMT), with Go First widely expected to succeed.
In final stages of settlement with Celestial Aviation, SpiceJet tells NCLT
10, Oct, 23Celestial Aviation is one of four lessors to have filed a case against SpiceJet in the NCLT over pending dues
SpiceJet finalises lease agreements for 10 aircraft
14, Mar, 24India Business News: SpiceJet has finalized lease agreements for 10 planes as part of its capacity expansion plans. The airline is also in talks with lessors regarding the
Lessor to buy nearly 6% in SpiceJet at 55% premium
03, Aug, 23India Business News: NEW DELHI: Budget carrier SpiceJet has sought shareholders' nod to issue 5.
Delhi HC seeks response from SpiceJet on enforcement petition by lessor
16, Mar, 24In 2017, GASL Ireland had leased its B737-800 aircraft to the airline. But SpiceJet had not made certain rental payments and owed $5.33 million to lessor in February 2022.
Go First crisis: Pilots offered Rs 1 lakh extra per month to stay at airline
29, May, 23The development comes after many pilots and other airline staff sought to exit the company following the initiation of bankruptcy proceedings.
NCLT grants Go First bankruptcy protection
10, May, 23Wadia group-owned Go First on May 2 said it has filed for insolvency resolution and can no longer continue to meet financial obligations, blaming US company Pratt & Whitney's faulty engines for grounding of 50% of its fleet.
Go First owner has no plans to exit airline: CEO Kaushik Khona
03, May, 23Go First CEO Kaushik Khona's comments came a day after the cash-strapped Indian airline filed for bankruptcy, blaming "faulty" Pratt & Whitney (P&W) engines for the grounding of about half its fleet.
India's SpiceJet to raise $270 mln, reports smaller Q2 loss
12, Dec, 23India's low-cost carrier SpiceJet said on Tuesday it would raise 22.50 billion rupees ($269.9 million) through the issue of preferential shares and warrants as the troubled airline seeks to return operations to full capacity.