SpiceJet settles with Irish lessor

Troubled Indian carrier SpiceJet has agreed an out of court settlement with Irish leasing firm Wilmington Trust of Dublin over non-payment on three 737 aircraft.

Troubled Indian carrier SpiceJet has agreed an out of court settlement with Irish leasing firm Wilmington Trust of Dublin over non-payment on three 737 aircraft.

The airline said the lessor withdrew the case in Delhi’s high court on Monday (March 23).

Wilmington, alongside another lessor AWAS Ireland, asked India’s Directorate General for Civil Aviation (DGCA) to export six 737s SpiceJet was overdue in rental fees for.

The DGCA had ordered de-registration of the aircraft last Thursday (March 19).

TAGS: Airlines Asia
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