SpiceJet tells court it has settled disputes with some lessors: Report

SpiceJet informed an Indian court that it has resolved disputes with some lessors, a report mentioned.Leh-bound SpiceJet flight returns to Delhi after technical snagSpiceJet has informed an Indian court that it has settled disputes with some of its lessors, Reuters reported.The development comes as the airline continues efforts to deal with unpaid dues and restore aircraft to its fleet.In 2023, SpiceJet said it had settled a dispute over unpaid dues with aircraft lessor Nordic Aviation Capital (NAC), mentioned a Reuters report.As part of the agreement, three repossessed aircraft were set to return to SpiceJet's fleet. At the time, the airline was operating five Bombardier Q400 aircraft from NAC. SpiceJet said the agreement settled all past liabilities related to the Q400 aircraft.AIRLINE FACES PRESSURE FROM LESSORSSpiceJet had been trying to raise funds amid a series of quarterly losses. The airline was also facing legal action from some lessors over unpaid dues. Some lessors had approached courts and asked India's aviation regulator to deregister their aircraft.The disputes had added to the pressure on the airline as it worked to restore its grounded fleet.Earlier in June 2023, SpiceJet said lessor FTAI Aviation would lease up to 20 engines to the airline as it worked to restore its fleet.The airline had also said in May 2023 that it had started efforts to revive 25 grounded aircraft using its own funds and a $50 million line of credit secured through an Indian government scheme.(This is a developing story.)- EndsPublished By: Jasmine anandPublished On: Aug 17, 2026 13:59 IST