Lessor Wilmington Trust moves insolvency plea against SpiceJet

Aircraft lessor Wilmington Trust SP Services (Dublin)has moved the National Company Law Tribunal (NCLT) to initiate insolvency against low cost carrier SpiceJet.

The matter is likely to come up for hearing on Monday, according the causelist on NCLT’s website.

Last month, the directorate general of civil aviation (DGCA) had de-registered three planes of SpiceJet at the request of lessors, and one of the aircraft belonged to Wilmington.