Aircastle News Today

The two sides have informed the tribunal that they are in advanced stages of reaching a settlement

National Company Law Tribunal asks SpiceJet to issue equity shares to settle dues with lessors. Celestial Aviations plea for insolvency proceedings deferred.

Last year itself the DGCA had warned the airline after noticing various anomalies regarding its service.

Last year itself the DGCA had warned the airline after noticing various anomalies regarding its service.

The NCLT has listed Aircastle’s insolvency plea against SpiceJet on May 25. The lessor claimed that the airline has unpaid dues.  

Warning that barring repossession will spark confidence crisis

Indian airline SpiceJet has been served a notice from the National Company Law Tribunal (NCLT) after Irish aircraft lessor Aircastle filed a petition seeki..

Last week, Aircastle filed an insolvency application against the low-cost carrier, seeking to initiate corporate insolvency resolution process under Section 9 of the Insolvency and Bankruptcy Code.

The fate of hundreds of planes leased by Russian airlines from foreign companies grew...

The fate of hundreds of planes leased by Russian airlines from foreign companies grew...