New Delhi: Irish aircraft lessor Babcock and Brown Aircraft Management has sought the return of six Boeing B737 aircraft and a payment of $100 million (Rs 600 crore) from troubled budget airline SpiceJet to cover several months of unpaid rent and maintenance costs.
Sources said despite SpiceJet trying to negotiate afresh, Babcock and Brown had informed the airline it was not willing to do any further business. Babcock and Brown had ended lease agreements in December, when SpiceJet was trying to reduce its fleet. But the airline is operating five of the aircraft and another is in maintenance.
“Babcock and Brown has been trying to repossess the aircraft. It has said it will not renegotiate and has remarketed some of the B737s to other airlines such as Turkey’s Pegasus Airlines,” said a source.
Babcock and Brown had filed a plea to the Delhi high court, asking it to direct the Directorate General of Civil Aviation to cancel the registration of five B737 aircraft. The judgment was reserved on Monday and is expected soon.
12/02/15 Roudra Bhattacharya/Business Standard
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Sources said despite SpiceJet trying to negotiate afresh, Babcock and Brown had informed the airline it was not willing to do any further business. Babcock and Brown had ended lease agreements in December, when SpiceJet was trying to reduce its fleet. But the airline is operating five of the aircraft and another is in maintenance.
“Babcock and Brown has been trying to repossess the aircraft. It has said it will not renegotiate and has remarketed some of the B737s to other airlines such as Turkey’s Pegasus Airlines,” said a source.
Babcock and Brown had filed a plea to the Delhi high court, asking it to direct the Directorate General of Civil Aviation to cancel the registration of five B737 aircraft. The judgment was reserved on Monday and is expected soon.
12/02/15 Roudra Bhattacharya/Business Standard
