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Legal Woes Mount as Fresh Insolvency Plea Hits SpiceJet
Mint Hyderabad
|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.
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