Asia-Pacific's Shifting Engine Industry Dynamics | Aviation Week Network
Uncertainties in business, geopolitics and technology create challenges for MRO leaders.
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SpiceJet Faces Insolvency Plea by Engine Lease Finance Over $12M Debt
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.
Source: devdiscourse.com
SpiceJet Faces Insolvency Plea Over $12 Million Debt
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.
Source: ndtvprofit.com
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Latest news today: Read Latest Business News today. Catch all the latest news of the day, detailed analysis of the Business News on The Economic Times.
Source: indiatimes.com
Delhi HC directs SpiceJet to pay $4mn against dues to two engine lessors
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 ...
Source: prokerala.com