SpiceJet Faces Insolvency Plea by Engine Lease Finance Over $12M Debt

Engine Lease Finance BV, an aircraft engine lessor to SpiceJet, has filed an insolvency petition against the airline over a debt exceeding $12 million. ELF claims unpaid dues since April 2021. Various insolvency petitions by other creditors of SpiceJet are also ongoing, with some already settled or dismissed.

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