Tuesday, August 30, 2022

Another lessor asks India to deregister two SpiceJet B737s

One more lessor, this time Dublin-headquartered Horizon Aviation, has filed a request with India’s Directorate General of Civil Aviation (DGCA) to deregister two B737-800s leased to financially-challenged low-cost carrier SpiceJet.

Horizon had lodged the requests to delist B737-800s VT-SGQ (msn 37365) and VT-SPU (msn 34953), on August 25, and the authority will deregister the two Boeing aircraft by September 1, officials confirmed to India’s Business Standard newspaper.

According to the ch-aviation fleets ownership module, both aircraft are owned by Nomura Babcock & Brown and managed by BBAM and are registered under the trusts Horizon Aircraft Finance I Ltd and Horizon Aircraft Finance II Ltd, respectively. ch-aviation analysis of AirNav Radarbox data shows that both twinjets were ferried from Istanbul New to Shannon on December 15, 2021, where they remain.

Horizon Aviation is the third lessor to lodge an Irrevocable Deregistration and Export Request Authorisation (IDERA) with the regulator over the last month seeking to remove B737s from SpiceJet’s fleet. An IDERA is typically filed when communication between an airline and a lessor over debts owed breaks down.

The DGCA has already deregistered three SpiceJet jets, B737-800s VT-SYW (msn 36694), VT-SYX (msn 36695), and VT-SYY (msn 36698), on August 4, after AWAS, a subsidiary of DAE Capital, sent a request to that effect several days earlier. Then, on August 5, another SpiceJet B737, which the ch-aviation fleets advanced module identifies as VT-SXD (msn 34801), was deregistered following a request from Irish lessor Alterna Capital Partners.

30/08/22 ch-aviation

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