Coimbatore: SpiceJet Ltd has got a breather with the company reaching an in principle deal with its five lessors in connection with five aircraft operated by it.
This is the second such agreement with its lessors that the company had reached in recent days with regard to the aircraft operated by SpiceJet with the lessors consenting to withdrawal of court proceedings and deregistration of aircrafts that threatened to put its flight operations out of gear.
In a communication to the stock exchanges today, SpiceJet Limited said that it had reached an in-principle understanding with its five lessors managed by BBAM Aircraft Leasing and Finance with regard to five aircrafts operated by it.
According to the understanding reached, the lessors had consented to suspend court proceedings (including winding-up proceedings) and deregistration process of aircrafts subject to the airline satisfying the terms of settlement and parties executing definitive agreements.
01/03/15 Business Line
This is the second such agreement with its lessors that the company had reached in recent days with regard to the aircraft operated by SpiceJet with the lessors consenting to withdrawal of court proceedings and deregistration of aircrafts that threatened to put its flight operations out of gear.
In a communication to the stock exchanges today, SpiceJet Limited said that it had reached an in-principle understanding with its five lessors managed by BBAM Aircraft Leasing and Finance with regard to five aircrafts operated by it.
According to the understanding reached, the lessors had consented to suspend court proceedings (including winding-up proceedings) and deregistration process of aircrafts subject to the airline satisfying the terms of settlement and parties executing definitive agreements.
01/03/15 Business Line
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