SpiceJet settles liabilities dispute with lessor NAC
Low-cost carrier SpiceJet on Wednesday said it has settled a dispute on unpaid dues with lessor Nordic Aviation Capital (NAC), with three repossessed aircraft returning to its fleet.
The airline, which currently operates five Bombardier Q400 aircraft from NAC in its fleet, said the agreement settles all past liabilities for the Q400s.
The carrier has been scrambling to raise funds amid a string of quarterly losses, compounded by some lessors taking the airline to court to settle unpaid dues and requesting the country’s aviation regulator to de-register their planes.
