The Delhi High Court has ordered SpiceJet (SG, Delhi International) to pay two engine lessors INR37 million (USD445,000) by January 3, 2024. Justice Rekha Palli ruled in favour of the two lessors, Team France 01 SS and Sunbird France 02 SS, in a December 19, 2023, hearing.

The two special purpose vehicles (SPVs) are owed USD12.9 million, with SpiceJet being in arrears for two years. The SPVs have terminated the engine leases over the breaches. In addition to monies owed, counsel for the lessors asked for a restraining order preventing…

Source: ch aviation
Read more: Engine SPV lessors enjoy legal win against India's SpiceJet