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Engine Lease Finance BV, an aircraft engine lessor to SpiceJet, has filed an insolvency petition against the airline over a debt exceeding $12 million. ELF claims unpaid dues since April 2021. Various insolvency petitions by other creditors of SpiceJet are also ongoing, with some already settled or dismissed.

Engine Lease Finance BV, an aircraft engine lessor of SpiceJet, has moved an insolvency plea before the NCLT against the debt-ridden air carrier over non-payment of over $12 million (around Rs 100 crore). Engine Lease Finance has leased eight engines to SpiceJet. Along with interest and rental, ELF has claimed an amount of around $16 million.

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The Delhi High Court on Monday directed low-cost airline SpiceJet to pay $4 million against its dues to two engine lessors - Team France 01 SAS and Sunbird France 02 SAS.New Delhi, Jan 29 (IANS) The Delhi High Court on Monday directed low-cost ...

The Delhi High Court on Monday directed low-cost airline SpiceJet to pay $4 million against its dues to two engine lessors – Team France 01 SAS and Sunbird France 02 SAS.

New Delhi: The Delhi High Court on Tuesday granted permission to Engine Lease Finance BV, a lessor to SpiceJet, to conduct inspections on an engine leased

Rejecting an affidavit filed by the airline’s general manager (legal), the court said that the document should be filed through a person, who could be held accountable if the company fails to meet its payment obligations.

Engine Lease Finance BV has alleged that the low-cost airline has failed to make payments as agreed. SpiceJet must pay over $2 million to Engine Lease finance by January

The application is now likely to come up for hearing on December 19.