The woes for SpiceJet are not over yet with an insolvency case against the airline due for hearing at the National Company Law Tribunal (NCLT) next week. In the meantime, lessor Aircastle has filed an insolvency plea against SpiceJet to be heard by the NCLT principal bench today.
A SpiceJet spokesperson said: “At present, there are no aircraft from this lessor in the airline’s fleet. The development will in no way affect its operations. All aircraft from this lessor have already been returned by SpiceJet.”
“We are confident of resolving the matter without court proceedings and we are in discussions with their senior leadership team for the same,” the spokesperson said in a statement.
According to the NCLT website, two more petitions for insolvency resolution proceedings against SpiceJet are pending.
The plea by Willis Lease Finance Corporation was filed on April 12 and the one by Acres Buildwell Private Ltd was filed on February 4.