Aircastle (Ireland) Ltd, an aircraft lessor, has declined SpiceJet (SG) Airlines’ proposal to provide shares in lieu of its outstanding payments.
SpiceJet NCLT
Dublin-based Wilmington Trust SP Services Ltd, an aircraft lessor, has filed a petition with the National Company Law Tribunal (NCLT) to commence insolvency proceedings against SpiceJet, a low-cost carrier based in India.
SpiceJet was given notice and instructed to list the case for the next hearing on May 17 by a two-member Principal bench of the NCLT led by President Ramalingam Sudhakar.