Page 2 - Engine Lease News Today

The HC has sought the airlines response to the plea and the case is likely to come up for hearing in February

According to the terms of the settlement, SpiceJet must pay a certain to Engine Lease finance by January. SpiceJet has also undertaken to return the engine which is the bone of contention by January 25

The Delhi High Court on Monday was informed that Engine Lease Finance Corporation Aviation Services Ltd and cash-strapped SpiceJet airline have arrived at an interim settlement.During the hearing, both parties’ legal representatives ...

Some of the key news stories and announcements from Aviation Week's 2023 MRO Asia-Pacific event in Singapore.

Speaking at MRO Asia-Pacific, Christopher Rodrigues of SMBC Aero Engine Lease said the short-term priority is to ensure engine quantity over quality.

Engine Lease Finance BV, which leased nine engines to SpiceJet, want its remaining one engine back and has asked the court to stop the airline from using it as the lease has been terminated

Yet another lessor, Engine Lease Finance BV on Wednesday moved the Delhi High Court against cash-strapped SpiceJet airline, seeking return of the last remaining engine.The lessor had leased nine engines to the low-cost carrier and the airline ...

The tribunal, in its interim order, said as the civil aviation regulator Director General of Civil Aviation (DGCA) had not deregistered the aircraft, they are available to Go First for use to resume operations.

Insolvency tribunal NCLT on Wednesday rejected Go First lessors petitions to take back the planes leased to the grounded airline, and said the aircraft are available for resumption of operations since aviation regulator DGCA has not deregistered them. A two-member bench of the National Company Law Tribunal (NCLT) held that physical possession of the aircraft/engines would be indisputably with Go First and lessors cannot claim possession during the Corporate Insolvency Resolution Process (CIRP) o...

Ever since the Go First crisis broke out, the engine and aircraft lessors have been demanding a return of their assets