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Legal Woes Mount as Fresh Insolvency Plea Hits SpiceJet
Mint Ahmedabad
|March 22, 2025
The lessor claims SpiceJet took delivery of three Boeing jets in June, but missed May-September 2024 payments
Budget carrier SpiceJet is facing fresh insolvency proceedings, this time from Indonesia's PT BBN Airlines over unpaid lease rentals totalling $5.94 million.
The National Company Law Tribunal (NCLT), Delhi bench, heard the case on Friday but is yet to issue a notice after SpiceJet sought time to respond. The next hearing is scheduled for 21 April.
PT BBN Airlines claims SpiceJet leased three Boeing aircraft under specific agreements, took possession on 9 June 2024, and used them for operations. However, the airline allegedly defaulted on lease payments between May and September 2024.
This story is from the March 22, 2025 edition of Mint Ahmedabad.
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