SpiceJet is facing bankruptcy proceedings as the Ireland-based aircraft lessor Aircastle Ltd has moved the principal bench of NCLT to launch a bankruptcy process against the airline.
Days after the National Company Law Tribunal (NCLT) issued a notice to Indian low-cost airline SpiceJet on a petition filed by an aircraft lessor seeking initiation of insolvency resolution proceedings against it, the airline has categorically stated that it has no plans whatsoever to file for insolvency.
Three days after lessors requested the aviation regulator, DGCA, to de-register three of the airline's planes, SpiceJet has suspended flight operations from Ahmedabad-Goa, for a month, sources in the know of things said.However, an official at .
SpiceJet suspends Ahmedabad-Goa flight operations webindia123.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from webindia123.com Daily Mail and Mail on Sunday newspapers.
No question of filing for insolvency, firmly focused on its business: Spicejet CMD newindianexpress.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from newindianexpress.com Daily Mail and Mail on Sunday newspapers.