New Delhi: Budget carrier SpiceJet said it is negotiating with its aircraft lessors, who have dragged it into litigation over default on rents, to resolve the issue amicably, a day after the Delhi High Court directed aviation regulator DGCA to deregister the airline's six Boeing 737-800s.
The airline has reached in-principle understanding with one of the two lessors already, and is in advanced discussions with the other lessor, SpiceJet said in a statement.
In a severe blow to the airline, which is still in the revival process, the Court had yesterday ordered the Directorate General of Civil Aviation to deregister six of SpiceJet's Boeing 737 planes, following the termination of lease agreements by the leasing companies, AWAS Ireland Ltd and Wilmington Trust SP Services (Dublin) Ltd.
Justice Rajiv Shakdher directed the DGCA to "forthwith" deregister the aircraft saying once the creditors fulfilled the conditions prescribed in Aircraft Rules, the aviation regulator was "mandatorily required to cancel registration".
20/03/15 PTI/Daily News & Analysis
The airline has reached in-principle understanding with one of the two lessors already, and is in advanced discussions with the other lessor, SpiceJet said in a statement.
In a severe blow to the airline, which is still in the revival process, the Court had yesterday ordered the Directorate General of Civil Aviation to deregister six of SpiceJet's Boeing 737 planes, following the termination of lease agreements by the leasing companies, AWAS Ireland Ltd and Wilmington Trust SP Services (Dublin) Ltd.
Justice Rajiv Shakdher directed the DGCA to "forthwith" deregister the aircraft saying once the creditors fulfilled the conditions prescribed in Aircraft Rules, the aviation regulator was "mandatorily required to cancel registration".
20/03/15 PTI/Daily News & Analysis
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