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SpiceJet Ordered to Pay $3.7 Million to Aerocare Aviation Services After Eight-Year Dispute

ByAdmin

SpiceJet, the prominent low-cost airline based in India, has been ordered to pay $3.7 million, along with applicable interest, to Aerocare Aviation Services following an eight-year legal dispute. The ruling brings closure to a prolonged financial disagreement between the two parties and underscores the importance of clear contractual and service agreements within the aviation sector.

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Ireland-Based Aircraft Lessors Face Tax Scrutiny from India

ByAdmin

Ireland-based aircraft leasing firms, widely favored by Indian airlines for fleet expansion, are now under scrutiny from India’s tax authorities. The investigation stems from concerns that these lessors might be exploiting favorable tax treaties, specifically by structuring their businesses in Ireland to minimize tax liabilities in India. Leasing companies registered in Ireland benefit from the…