Plea to repossess 2 more SpiceJet planes
NEW DELHI: SpiceJet CMD Ajay Singh’s assertion that the airline was not filing for insolvency does not seem to have comforted lessors, who asked the Directorate General of Civil Aviation (DGCA) on Friday to de-register two more aircraft with the carrier so that they could be repossessed.
This week has seen requests for five SpiceJet aircraft to be repossessed under Irrevocable De-registration and Export Request Authorisations (IDERA). Lessors use this option in cases like default of lease rentals, and aviation regulators have to de-register the aircraft within five days of getting a request.
Aircraft lessor Aircastle had filed a petition seeking insolvency resolution proceedings against SpiceJet on April 28.
