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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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SpiceJet Faces Insolvency Plea Over $12 Million Debt

Engine Lease Finance BV, an aircraft engine lessor of SpiceJet, has moved an insolvency plea before the NCLT against the debt-ridden air carrier over non-payment of over $12 million (around Rs 100 crore). Engine Lease Finance has leased eight engines to SpiceJet. Along with interest and rental, ELF has claimed an amount of around $16 million.

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Go First case: NCLT defers hearing to July amid uncertainty over airline s future

Go First case: NCLT defers hearing to July amid uncertainty over airline s future
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SMBC completes sale & leaseback of two engines with Utah s Breeze Airways

SMBC completes sale & leaseback of two engines with Utah s Breeze Airways
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