New Delhi/Chennai: A day after the Delhi High Court’s blow to no-frills carrier SpiceJet by directing the Directorate General of Civil Aviation (DGCA) to deregister six aircraft given on lease to it by two Irish firms, the company exuded confidence of resolving the issue with the lessors and stated that its summer schedule with an expanded fleet will not be affected.
The airline has drawn up a two-pronged strategy, of appealing against the HC’s order while negotiating with the lessors to resolve the issues. It said non-payment is a legacy issue but as the company has since changed hands and the new owners have settled dues and are working on settling the remaining issues, there would be no disruption of operations.
“SpiceJet has in fact reached an in-principle understanding with one of the two lessors already, and is in advanced discussions with the other lessor. Meanwhile, SpiceJet is exploring all legal remedies to safeguard its interest to maintain continuity of operations. SpiceJet would like to assure its partners and customers that the situation of the airline is very different from what it was in late 2014, and that it has received its first tranche of funding already and is in the process of paying off creditors in a phased manner,” the airline said in a statement.
21/03/15 Financial Express
The airline has drawn up a two-pronged strategy, of appealing against the HC’s order while negotiating with the lessors to resolve the issues. It said non-payment is a legacy issue but as the company has since changed hands and the new owners have settled dues and are working on settling the remaining issues, there would be no disruption of operations.
“SpiceJet has in fact reached an in-principle understanding with one of the two lessors already, and is in advanced discussions with the other lessor. Meanwhile, SpiceJet is exploring all legal remedies to safeguard its interest to maintain continuity of operations. SpiceJet would like to assure its partners and customers that the situation of the airline is very different from what it was in late 2014, and that it has received its first tranche of funding already and is in the process of paying off creditors in a phased manner,” the airline said in a statement.
21/03/15 Financial Express
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