Wilmington Trust SP Services Limited, a Dublin-based company, that leased aircraft
to SpiceJet, has filed a petition in the NCLT, urging it to start the insolvency process against
SpiceJet.
It is pertinent to note here that in May, the Directorate General of Civil Aviation (DGCA)
deregistered three planes of the low-cost carrier at the request of lessors.
Apart from
Wilmington Trust, Sabarmati Aviation Leasing and Falgu Aviation Leasing sought the
deregistration of the aircraft.
SpiceJet had 67 aircraft in its fleet comprising Boeing 737s, B737 Max and BombardierQ400s. Out of these, only 37 were in operation as of early May, as per the agency. This
development comes against the backdrop of the Go First crisis and with reports of high fares
and if this petition against SpiceJet is approved, then many questions will be raised on the
fu ture prospects of low-cost fair airlines in the country.
Last month, Go First had reached the verge of bankruptcy and to save itself from the
insolvency process, the company had moved to NCLT. On Saturday, Go First issued a fresh
announcement regarding the cancellation of all its flight services till June 14.
12/06/2023 ETV Bharat
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