SpiceJet to soon receive Q400 aircraft under agreement with lessor NAC Company News

SpiceJet to soon receive Q400 aircraft under agreement with lessor NAC Company News

SpiceJet (Photo: Wikipedia) SpiceJet on Tuesday said it will soon get a Q400 aircraft under the agreement signed with lessor Nordic Aviation Capital (NAC) last year. The airline has paid off all past liabilities for the Q400 aircraft leased from NAC, and already has five Q400 aircraft under the settlement agreement. “The ownership of these […]

Delhi High Court allows lessor to inspect engines leased to SpiceJet

Delhi High Court allows lessor to inspect engines leased to SpiceJet

The Delhi High Court on Tuesday allowed a company to inspect the engines leased to low-cost carrier SpiceJet under the insolvency process. Engine Lease Finance BV will inspect the engine once when it is grounded and at the time of re-delivery. The court also asked SpiceJet to maintain status quo with respect to engines except […]

NCLT rejects bankruptcy plea of ​​lessor Willis Lease against SpiceJet

NCLT rejects bankruptcy plea of ​​lessor Willis Lease against SpiceJet

In a relief to low-cost carrier SpiceJet, the National Company Law Tribunal (NCLT) on Monday rejected the insolvency plea of ​​aircraft lessor Willis Lease Finance Corporation, which is claiming dues. A two-member bench of the Delhi-based NCLT dismissed the petition filed by US-based Willis Lease Finance Corporation after SpiceJet raised questions on the maintainability of […]

GoFirst lessor is seeking replacement of ‘looted’ parts from grounded planes

GoFirst lessor is seeking replacement of ‘looted’ parts from grounded planes

An Ireland-based lessor wants India’s bankrupt GoFirst airline to replace “plundered” parts from its leased jets and allow it to employ round-the-clock security to protect grounded planes, which will be used to retrieve its Airbus planes. The latest addition to the efforts of A September 1 non-public court petition filed in the Delhi High Court, […]

NCLAT allows inspection to GoFirst lessor, modifies NCLT order

The National Company Law Appellate Tribunal (NCLAT) on Friday allowed Engine Lease Finance BV to inspect four of its engines leased to bankrupt airline GoFirst. NCLAT gave the resolution professional (RP) of the airline 10 days to give the date of inspection to the engine lessee. The NCLAT modified an interim order of the National […]