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SpiceJet Engine dispute and Delhi high court order | here are the details of the case | Court orders SpiceJet to pay ₹33.26-crore: Said- to pay engine lessees by February 15, if we don’t stop operations PiPa News

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SpiceJet Engine dispute and Delhi high court order | here are the details of the case | Court orders SpiceJet to pay ₹33.26-crore: Said- to pay engine lessees by February 15, if we don’t stop operations

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  • SpiceJet Engine Dispute And Delhi High Court Order | Here are the Case Details

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The Delhi High Court has ordered budget airline SpiceJet to pay $4 million, or about Rs 33.26 crore, to the lessors who provided engines for its aircraft. The airline must pay it by February 15. In case of non-payment, the court warned to stop operations.

In December last year (2023), the Delhi HC ordered SpiceJet to pay $4.5 lakh (about ₹3.74 crore). The airline made this payment. However, the tenants are again pressing them for payment of the remaining amount.

The suppliers want to file a case against SpiceJet
During the hearing, the engine suppliers told the court that SpiceJet had made a proposal to settle the dispute, which was unacceptable to them. The lessors also told the court that they now want to go after SpiceJet. The next hearing of the case is on February 21, 2024.

The lessors said – not paying Rs 107 crore in two years
The leasing companies, Team France-01 SAS and Sunbird France-02 SAS, filed a lawsuit alleging that the airline did not pay them an amount of $12.9 million (about Rs 107 crore) for more than two years.

The tenants urged the NCLT to declare them bankrupt
In 2023, a total of 5 aircraft lessors, including Aircastle Ireland Limited, Willis Lease Corporation, Wilmington and Celestial, filed insolvency petitions against the airline at the National Company Law Tribunal (NCLT ). Through these applications, the companies want to recover their dues by declaring SpiceJet bankrupt.

Also read this news…
Air India-SpiceJet fined Rs 30 lakh each: Trained pilots were not assigned duty during fog, due to which many flights were delayed and diverted.

SpiceJet and Air India have been fined Rs 30 lakh each for negligence in giving duty to pilots in bad weather. The Directorate General of Civil Association (DGCA) took this action against the two airlines on Wednesday (January 17). Click here to read the full news…

There is more news…
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