Engine Lessor News Today

The HC has warned the airline that in the event it does not pay the money, it will be constrained to pass orders in the application seeking the engines grounding.

The inspection is to be carried out once at the time of grounding of the engine and once at the time of re-delivery of the engine. The court further asked SpiceJet to maintain status quo with respect to the engines after grounding them, excepting for purposes such as refurbishing the engine among others

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

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

Progress of case depends on SpiceJets compliance with return of engines schedule