The Delhi High Court on Monday told low-cost carrier SpiceJet to pay $4 million to its engine lessors Team France 01 SA and Sunbird France 02 SAS by February 15.
The airline had sought more time for payment and said they could pay $1 million upfront. SpiceJet is supposed to pay close to $11 million to the lessors.
The lessors told the High Court that the airline had made an offer to settle the dispute but the terms of the offer were not aggregable to them. They said now they wish to pursue litigation against SpiceJet. The next hearing in the case is on February 22, 2024.
