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.
Recently, the airline s three lessors Wilmington Trust SP Services, Sabarmati Aviation Leasing and Falgu Aviation Leasing had sought deregistration of one aircraft each, according to an update on the regulator s website.
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 .
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