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AIRCRAFT LESSORS
SpiceJet funding crunch delays pilot pay, messages show, as it seeks state-backed loanSpiceJet is delaying pilot salaries since March, seeking an emergency government loan to stabilize operations amid rising fuel costs and re...- Global airline chiefs to confront Iran war fuel shock at industry summitAirline leaders meet in Rio de Janeiro facing a major industry crisis. The Iran war is increasing jet fuel costs and disrupting flights. Th...
- EasyJet says possible US bid 'highly opportunistic' as shares jump 10%EasyJet responded on Monday by saying it has not held talks with Castlelake but it would assess any potential offer if one was made, noting...
- Sunbird Dispute: HC asks SpiceJet to disclose its assetsSpiceJet must reveal its assets to Sunbird France. The lessor seeks payment for unpaid lease rentals and engine maintenance. A UK court ord...
- GIFT City showcases India’s scale, growth opportunities to global investors: SitharamanUnion Finance Minister Nirmala Sitharaman reviewed GIFT City in Gandhinagar. She noted its significant progress and strategic role in India...
- Sunbird takes SpiceJet to HC over $8 million unpaid lease duesSunbird France has approached the Delhi High Court to enforce a UK court order. The order directs SpiceJet to pay approximately $8 million ...
- BOC Aviation to lease three more Boeing 737-8200 aircraft to Akasa AirBOC Aviation has signed a new deal to lease three Boeing 737-8200 aircraft to Akasa Air. These planes will be delivered by the end of 2026....
- UK court orders SpiceJet to pay $8 million to engine lessor over unpaid duesA UK judiciary has ruled that SpiceJet owes Sunbird France 02 SAS nearly $8 million for missed rent and upkeep on three aircraft engines. T...
- NCLT asks SpiceJet's aircraft lessor to file valid Power of AttorneyThe NCLT has instructed three aircraft lessors of SpiceJet, namely AWAS 36698 Ireland, AWAS 36694 Ireland, and AWAS 36695 Ireland, to submi...
- Air India makes $300 million payment to plane lessors via GIFT City armAir India Group, through its leasing arm AI Fleet Services IFSC (AIFS) at IFSC Gift City in Gujarat, has channeled approximately $300 milli...
- Wilmington Trust approaches NCLAT, files Insolvency appeal against SpiceJetAircraft lessor Wilmington Trust SP Services has moved NCLAT, filing an appeal against an earlier order of NCLT, which had dismissed its in...
- SpiceJet closer to settlement with aircraft lessor Celestial, says formalities remainSpiceJet informed the National Company Law Tribunal (NCLT) that it has settled the matter with aircraft lessor Celestial Aviation, seeking ...
- Go First sets up co with former staff to deal with leasing firmsBankrupt airline Go First has floated a company with its former employees to work closely with the leasing companies. In letters to aircraf...
- Spicejet and aircraft lessor Celestial Aviation in advanced stages of settlementSpicejet and Celestial Aviation Services Ltd are in advanced stages of settlement over a default of $29.9 million for nine aircraft. The ma...
- Govt committed to keep aircraft lessors' confidence intact in Indian aviation marketThe Ministry of Civil Aviation in India has stated its commitment to reducing the risks faced by aircraft lessors in the country's aviation...
- Aviation leasing watchdog cuts India's compliance rating amid Go First tussleThe move by the Aviation Working Group (AWG), a UK-based entity that monitors leasing and financing laws, comes as bankrupt budget carrier ...
- NCLT suggests SpiceJet settle issues with aircraft lessorsOn Tuesday, the NCLT was hearing a plea filed by Celestial Aviation Services Ltd, an operational creditor that had filed a plea to initiate...
- NCLAT grants Go First's aircraft lessor Jackson Square Aviation Ltd inspection rightsOrder passed in the engine lessor Engine Lease Finance BV's application in August to be extended to the aircraft lessor; RP to communicate ...
- Lessors tell court that Go First planes stripped of key partsAircraft lessors have told the Delhi High Court that bankrupt airline Go First is cannibalising key components from their aircraft accordin...
- Kingfisher Airlines: Aircraft lessors, bankers invoke United Breweries' corporate guaranteeCertain aircraft lessors and bankers to ailing Kingfisher Airlines (KFA) have invoked corporate guarantees given by Vijay Mallya-led United...
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