Aircastle (Ireland) Ltd, an aircraft lessor, has declined SpiceJet (SG) Airlines’ proposal to provide shares in lieu of its outstanding payments.
Spicejet NCLT Hearing
On May 25th, India’s National Company Law Tribunal (NCLT) postponed Aircastle’s petition for an insolvency plea against Indian LCC SpiceJet (SG); the new hearing date is June 1st, which is today.
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.