Chennai: The high court here decided to issue a notice to SpiceJet on winding-up petitions filed by five leasing companies, which say they're owed Rs 80 crore.
The companies are B&B Air Acquisitions Leasing, Steddel, Torodell, Xavier Dell and Virgodell.
L Maithili, counsel for the leasing companies, said their agreement with the airline had been terminated in December, followed in January with the statutory notice. Yet, the airline hadn’t replied.
In a statement on Wednesday, the airline said there was only one lessor, BBAM, with five aircraft, each leased through a separate Special Purpose Vehicle.
“We reiterate that discussions have been ongoing with the lessors for an amicable settlement. SpiceJet fully expects the matter will be resolved shortly and positively with the lessors, and there will be no grounding of aircraft or disruption of operations. Our operations are normal, with on-time performance now amongst the top two in the domestic market,” went the statement.
27/03/15 TE Narasimhan/Business Standard
The companies are B&B Air Acquisitions Leasing, Steddel, Torodell, Xavier Dell and Virgodell.
L Maithili, counsel for the leasing companies, said their agreement with the airline had been terminated in December, followed in January with the statutory notice. Yet, the airline hadn’t replied.
In a statement on Wednesday, the airline said there was only one lessor, BBAM, with five aircraft, each leased through a separate Special Purpose Vehicle.
“We reiterate that discussions have been ongoing with the lessors for an amicable settlement. SpiceJet fully expects the matter will be resolved shortly and positively with the lessors, and there will be no grounding of aircraft or disruption of operations. Our operations are normal, with on-time performance now amongst the top two in the domestic market,” went the statement.
27/03/15 TE Narasimhan/Business Standard
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