SpiceJet faces contempt notice if engines not returned to lessor by July 8

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On the other hand, senior advocate Dayan Krishnan, representing TWC Aviation, argued that SpiceJet owed over Rs 120 crore to the lessor.

Although SpiceJet withdrew its appeal and pursued the matter before a single judge, the court had extended the deadline to June 16 from the initially planned May 28.

The extension request arose from SpiceJet’s inability to find alternative aircraft engines, leaving the airline in a precarious position.

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Category: BusinessFinance

Markets: India

Topics: Aircraft lease dispute July 8 deadline Aviation news Aircraft engines Contempt action Aircraft leasing Aviation law Aircraft grounding Court hearings. Moneycontrol report Airline passenger impact Delhi High Court Airline legal issues High court ruling Dayan Krishnan SpiceJet Rs 120 crore dues Rajiv Shakder Lease payment May 27 order SpiceJet operations Aircraft maintenance Legal proceedings in aviation June 16 extension Aircraft cannibalisation Aviation industry Amit Sibal Lessor Aviation sector news Engine replacement TWC Aviation Legal conflict in aviation

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News Sentiment: Negative

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Article Type: News Report

Published On: 2024-07-02 @ 15:55:58 (2 days ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 432 words

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News ID: 21459003

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