Stay updated with breaking news from Engine Lease. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
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.