| |

SpiceJet Faces Insolvency Petition Amidst Creditor Settlements

ByAdmin

Indian airline SpiceJet is facing an insolvency petition filed by Eusu Logistics in the National Company Law Tribunal (NCLT) over unpaid dues totaling ₹1.94 crore. This development follows ongoing financial challenges for the airline, which has recently settled multiple creditor disputes, including a significant $4.5 million agreement with Shannon Engine Support. SpiceJet’s financial restructuring efforts are aimed at stabilizing operations, with plans to bring 36 grounded aircraft back into service and grow its fleet to 100 by 2026.

Please SUBSCRIBE to view the full content.
First month of membership is free!

Similar Posts

| | |

Aero K to Launch Seoul Incheon-Kaohsiung Service in January 2025

ByAdmin

Aero K, a low-cost airline based in South Korea, has announced the launch of a new route connecting Seoul Incheon International Airport to Kaohsiung, Taiwan. Starting from January 2, 2025, the airline will operate this route with an Airbus A320, marking a significant step in expanding its regional network.

| |

Jazeera Airways Approves Purchase of Six A320ceo Aircraft

ByAdmin

Jazeera Airways (Kuwait) has announced the approval of a significant investment to purchase six Airbus A320ceo aircraft, currently operated under lease agreements. The total transaction value is $180.9 million, and the airline plans to finance the purchase through a combination of bank loans and internal resources.

| | | | | |

DHL Aviation Expands Fleet with Boeing 777F Delivery

ByAdmin

DHL Aviation has expanded its air cargo fleet with the addition of a new Boeing 777F, identified by serial number 68144. The aircraft is operated by AeroLogic and powered by GE90-110B1 engines, supporting the logistics giant’s ongoing fleet modernization and efficiency goals.

| | | | |

FlyKhiva Converts Boeing 737-300 from Wet Lease to Dry Lease with Icelandair

ByAdmin

FlyKhiva, a growing Uzbek airline, has transitioned one of its two Boeing 737-300 aircraft from a wet lease to a dry lease with Icelandair. The first aircraft, serial number 30179, has already been converted, while the second aircraft, serial number 29434, is expected to follow in due course. This move signifies FlyKhiva’s increasing operational independence as it moves toward self-sufficiency in aircraft management.