{"id":577588,"date":"2023-05-18T11:37:10","date_gmt":"2023-05-18T06:07:10","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=577588"},"modified":"2023-05-18T13:22:50","modified_gmt":"2023-05-18T07:52:50","slug":"spicejets-offer-to-settle-unpaid-dues-not-good-enough-lessor-tells-tribunal","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/spicejets-offer-to-settle-unpaid-dues-not-good-enough-lessor-tells-tribunal\/","title":{"rendered":"SpiceJet&#8217;s offer to settle unpaid dues not good enough, lessor tells tribunal"},"content":{"rendered":"<p>Aircastle, a lessor to Indian budget airline SpiceJet Ltd, told a tribunal on Wednesday that settlement talks with the company over unpaid dues were inconclusive.<\/p>\n<p>The Ireland-based lessor earlier this month sought to initiate bankruptcy proceedings against SpiceJet over non payment of lease rentals and other dues. The airline owes Aircastle around Rs 500 million ($6 million), a lawyer present at the hearing told Reuters.<\/p>\n<p>The company&#8217;s settlement offer was not good enough and talks had not reached anywhere, the lessor told the tribunal which will next hear the case on May 25.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Aircastle, a lessor to Indian budget airline SpiceJet Ltd, told a tribunal on Wednesday that settlement talks with the company over unpaid dues were inconclusive. The Ireland-based lessor earlier this month sought to initiate bankruptcy proceedings against SpiceJet over non payment of lease rentals and other dues. The airline owes Aircastle around Rs 500 million ($6 million), a lawyer present at the hearing told Reuters. The company&#8217;s settlement offer was not good enough and talks had not reached anywhere, the lessor told the tribunal which will next hear the case on May 25.<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[176,146,130],"tags":[],"class_list":["post-577588","post","type-post","status-publish","format-standard","hentry","category-civil-aviation-deccan-herald-newspapers","category-deccan-herald-newspapers","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/577588","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=577588"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/577588\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=577588"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=577588"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=577588"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}