Page 2 - Celestial Aviation News Today

Wilmington Trust is one of five lessors that had approached the NCLT with a plea to admit SpiceJet into insolvency over unpaid dues by the budget carrier.

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

Aircraft lessor Celestial Aviation who is an operational creditor has initiated insolvency proceedings against the airline

The media report suggested that Celestial Aviation has moved NCLT for a default of $20.9 million fo nine aircrafts against SpiceJet.

India Business News: SpiceJet news: Following reports of Rakesh Gangwal's potential stake acquisition, SpiceJet's stock surged, surging as high as 20% before closing the d

The Indian stock markets experienced a wave of panic as 178 stocks plummeted by over 4.5% on Monday. This dramatic downturn came as investors swiftly offloaded their equity holdings, adopting a risk-averse approach in response to escalating tensions between Israel and Hamas.

SpiceJet has already commenced the induction of 10 leased B737 aircraft of which three leased B737s and one A340 have been added back to the fleet, a CNBC-TV18 report said

The NCLT has adjourned the Spicejet case to November 7, owing to the talks but sources close to the development say that the parties have reached a settlement.

Stocks to watch: Shares of firms like TCS, BoB, Cipla, JSW Steel, Glenmark, SpiceJet, Religare, and others will be in focus on Wednesday's trade.

On Wednesday, 2349 stocks advanced, 1339 declined and 134 remained unchanged, with an advance decline ratio of 1.75 on the Bombay Stock Exchange (BSE), indicating negative closing of stocks in broader markets.