Pay Rs 50 cr to engine lessors or face grounding: Delhi High Court’s ‘one last opportunity’ to SpiceJet

The Delhi High Court on Wednesday gave “one last opportunity” to ailing SpiceJet to pay Rs 50 crore to its engine lessors, Team France and Sunbird France, failing which its two engines would be grounded.

Justice Pratibha Singh asked the Spicejet counsel to get instruction by Friday on the reasonable time period within which the low-cost airline can pay Rs 50 crore to its lessors and whether the already grounded engine can be returned to the lessors.