The Delhi High Court on Monday directed low-cost airline SpiceJet to pay $4 million against its dues to two engine lessors – Team France 01 SAS and Sunbird France 02 SAS.
Delhi HC Directs Spicejet To Pay $4Mn Against Dues To Two Engine Lessors menafn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from menafn.com Daily Mail and Mail on Sunday newspapers.
The inspection is to be carried out once at the time of grounding of the engine and once at the time of re-delivery of the engine. The court further asked SpiceJet to maintain status quo with respect to the engines after grounding them, excepting for purposes such as refurbishing the engine among others
New Delhi: The Delhi High Court on Tuesday granted permission to Engine Lease Finance BV, a lessor to SpiceJet, to conduct inspections on an engine leased
The lessor, Team France 01 SAS and Sunbird France 02 SAS moved a suit alleging that the airline has not paid them a sum of $12.9 million for a over two years. They furthermore asked the court to restrain the airline from using their three engines despite the termination of lease