Mumbai: SpiceJet's revival has run into trouble after aircraft leasing companies pulled out the Boeing 737 planes leased to the Indian budget airline.
Currently, SpiceJet has a fleet of 17 Boeing 737s and 15 Bombardier Q400 planes. Last week the airline announced a change in ownership with former director-promoter Ajay Singh stepping in to revive the embattled airline with a promise of bringing in other equity investors.
But even before the transition in management and fund infusion is yet to take place, lessors are terminating the lease agreements of planes given to SpiceJet.
BOC Aviation confirmed that it has terminated the lease of three Boeing 737s it gave SpiceJet and other leasing companies are taking similar steps.
“We have terminated the leases of three aircraft. It occurred some weeks ago as there were significant arrears. We have requested the Directorate General of Civil Aviation to deregister the planes whose lease agreements have been terminated,'' said David Walton, chief operating officer of BOC Aviation.
Walton added that BOC Aviation is not in discussions with SpiceJet's current or new promoters for continuation of the leases.
21/01/15 Business Standard
Currently, SpiceJet has a fleet of 17 Boeing 737s and 15 Bombardier Q400 planes. Last week the airline announced a change in ownership with former director-promoter Ajay Singh stepping in to revive the embattled airline with a promise of bringing in other equity investors.
But even before the transition in management and fund infusion is yet to take place, lessors are terminating the lease agreements of planes given to SpiceJet.
BOC Aviation confirmed that it has terminated the lease of three Boeing 737s it gave SpiceJet and other leasing companies are taking similar steps.
“We have terminated the leases of three aircraft. It occurred some weeks ago as there were significant arrears. We have requested the Directorate General of Civil Aviation to deregister the planes whose lease agreements have been terminated,'' said David Walton, chief operating officer of BOC Aviation.
Walton added that BOC Aviation is not in discussions with SpiceJet's current or new promoters for continuation of the leases.
21/01/15 Business Standard
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