SpiceJet lessors seek deregistration of 3 aircraft

According to the Directorate General of Civil Aviation (DGCA), lessees of low-cost airline SpiceJet Ltd submitted petitions to the aviation regulator on Tuesday to deregister three aircraft.

SpiceJet, on the other hand, issued a clarification, stating, “Two of the three planes have been grounded for some time now, and this has had no effect on our operations.” We have a strong connection with the lessor and are working to remedy the issue. We have been trying to get our grounded fleet back online using the loan approved under the ECLGS scheme.”

Notably, all three aircraft are owned by the same lessor, SMBC. The aircraft are kept in several portfolios but are all owned by the same lessor, SMBC.

SpiceJet

This comes after the airline stated on Monday that “there was no adverse ruling” by NCLT against them.

The National Company Law Tribunal issued a notice to SpiceJet on a petition filed by an aircraft lessor seeking the beginning of bankruptcy proceedings against the budget carrier, with the next hearing planned for May 17.

The NCLT’s two-member Principal bench, led by President Ramalingam Sudhakar, had already issued the notice to SpiceJet and instructed that the matter be listed for hearing on May 17th.

This is happening at a time when rival Go First has already filed for voluntary insolvency settlement.