![]() The de-registrations pave the way for the lessor to repossess the planes. India's Directorate General of Civil Aviation (DGCA) has approved de-registration applications for three aircraft placed at SpiceJet (SG, Delhi International). India's DGCA de-registers three leased Spicejet aircraft - 09:14 UTC Construction firm Acres Buildwell Private Ltd filed a fresh insolvency petition against the airline in February after pursuing it for INR32.5 million (USD392,785) last year, and engine supplier Willis Lease Finance filed an insolvency. Separately, India-based outlets report that two other creditors have also filed insolvency petitions against SpiceJet. The tribunal then adjourned the hearing date to May 25, and now June 1. On May 8, after Aircastle filed its petition, the NLCT gave SpiceJet nine days to respond to the lessor's claims, setting a May 17 hearing date. It was the second adjournment this month.Ĭlaiming SpiceJet owes it INR490 million rupees (USD5.9 million), Aircastle is attempting to have the embattled airline declared insolvent under s.9 of India's Insolvency and Bankruptcy Code (IBC) after talks between the two parties failed to produce a mutually agreeable outcome On May 25, the Delhi bench of the NCLT deferred the matter of Aircastle (Ireland) Limited vs SpiceJet Limited to June 1. India's National Company Law Tribunal (NCLT) has again adjourned an insolvency application lodged by Aircastle against SpiceJet. Click here.Ĭourt adjourns insolvency bid against India's SpiceJet - 06:09 UTC Get your own ch-aviation PRO account today.
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