Spicejet: Now, aircraft lessor files insolvency plea against SpiceJet; NCLT hearing next week – Times of India
The NCLT website shows two more petitions for insolvency resolution proceedings against SpiceJet are pending. Engine supplier Willis Lease Finance Corporation filed its plea on April 12 and Acres Buildwell has filed on February 4 against SpiceJet which has for several months been defaulting on statutory payments like PF to employees and depositing their tax deducted at source (TDS).
Ireland-based aircraft lessor Aircastle filed the petition against SpiceJet on April 28 and it will be heard by NCLT’s principal bench on May 8, according to the tribunal’s website.
Commenting on this, a SpiceJet spokesperson said: “Presently there are no aircraft from this lessor in our fleet. All aircraft from this lessor have already been returned by SpiceJet. This development, in no manner, affects our operations or operating fleet.”
“We are confident of resolving the matter without court proceedings and we are in discussions with their senior leadership team for the same. The comments provided here are without prejudice to our rights and in no way should be deemed as admission of any liabilities,” the airline spokesperson added.
Regarding Acres case, airline sources say both parties have already filed a joint application in NCLT to settle the matter. And sources add the Willis matter is yet to be admitted by NCLT and that no notice has been issued to SpiceJet so far. Sources claim the airline does not have any engines from Willis at the moment and all were returned about a year back.
Officials of SpiceJet, which has been trying to raise funds for a long time now, say the company “continues its efforts to have an out of court settlement with all our business partners (few of which are disputed as well) and have successfully settled the same.”
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