SpiceJet gets aircraft back after legal fight with lessor
India budget carrier Spicejet has been granted possession of one of its leased aircraft following a legal saga in Dubai.
Carlyle Aviation Partners had impounded the aircraft a week ago.
A SpiceJet flight to Dubai was dramatically diverted just minutes before it was due to land.
The captain was ordered to divert to Dubai’s second airport – Al Maktoum airport.
Once passengers had disembarked, the plane was seized by representatives of the lessor.
After remaining idle for a week at the airport, the Dubai International Financial Centre Court granted the release of the aircraft back to SpiceJet.
However, Spicejet’s financial woes still continue and it is still working diligently to raise extra funding.
The board is set to discuss this week the issuance of equity shares and/or convertible securities.
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Editor for TravelMole North America and Asia pacific regions. Ray is a highly experienced (15+ years) skilled journalist and editor predominantly in travel, hospitality and lifestyle working with a huge number of major market-leading brands. He has also cover in-depth news, interviews and features in general business, finance, tech and geopolitical issues for a select few major news outlets and publishers.
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