Flight leasing firm BBAM issues grounding notice to SpiceJet
April 11, 2021
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San Francisco-based flight leasing company BBAM has issued a notice to SpiceJet for grounding seven aircraft because of non-payment of dues for over six months.
Two separate sources said that BBAM has sent the notice to the cash-strapped airline after multiple requests to pay back the lease rentals. “This isn’t the first time SpiceJet has been served with a payment notice. The airline has, in fact, deferred lease payments for over six months now. The Directorate General of Civil Aviation (DGCA) has been given the grounding notices for the airline,” said a source.
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At meeting held on 10 December 2020The Board of S Chand & Company at its meeting held on 10 December 2020 has approved the appointment of M/s. Walker Chandiok & Co LLP, Chartered Accountants (Firm Registration No: 001076N/N500013)
as Statutory Auditors of the Company, subject to the approval of the shareholders, from the date of appointment by the Board i.e. 10 December 2020 till conclusion of the 50th Annual General Meeting of the Company to be held in
the year 2021.
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