Spectre Cargo Solutions (US), through its Irish affiliates, has accused SpiceJet (India) of removing engines from leased Boeing 737 freighters (B737Fs) in what it claims is a breach of lease agreements. The allegations add to the ongoing challenges faced by SpiceJet regarding its leased aircraft management and operational practices.
SpiceJet (India) has expanded its fleet with the addition of two B737-8 aircraft, further boosting its operational capabilities. The aircraft, with serials 65900 and 65186, are wet-leased from Corendon Airlines (Turkiye). Both aircraft are equipped with the LEAP-1B engines, known for their fuel efficiency and reliability.
SpiceJet (India) has added a Boeing 737-800, identified by serial number 38018, to its fleet under a wet leasearrangement with Smartwings (Czechia). The aircraft is powered by CFM56-7B26 engines, known for their reliability and efficiency.
SpiceJet (India) is grappling with two additional insolvency petitions filed at the National Company Law Tribunal (NCLT). The claims have been lodged by Sabarmati Aviation (Ireland) and JetAir 17 (Ireland), intensifying the financial challenges faced by the Indian low-cost carrier.
SpiceJet, an Indian low-cost carrier, has fully resolved a $90.8 million dispute with Export Development Canada (EDC) by paying a reduced amount of $22.5 million. This settlement grants SpiceJet full ownership of 13 Q400 aircraft, which were previously financed by EDC. The agreement marks a significant milestone for SpiceJet as it moves toward strengthening its asset base and ensuring greater control…
SpiceJet, one of India’s prominent low-cost carriers, has announced plans to commence seaplane operations in 2025, offering flights on 20 routes across India. Key destinations include Lakshadweep, Hyderabad, Guwahati, and Shillong, with the seaplane service designed to enhance connectivity to remote and water-bound regions. This initiative marks a unique expansion for SpiceJet as it taps into the seaplane sector, aiming to provide travelers with…
SpiceJet, one of India’s prominent low-cost carriers, has taken delivery of two B737-800 aircraft, with serial numbers 40263 and 35082, on lease from Corendon Airlines Europe (Malta). Both aircraft are powered by CFM56-7B engines, known for their reliability and efficiency in short- to medium-haul operations.
SpiceJet, one of India’s low-cost carriers (LCC), has received positive news from Acuite Ratings & Research, an Indian credit rating agency. Acuite has upgraded SpiceJet’s credit outlook to “stable,” a notable improvement given the challenges faced by many airlines in recent years. The credit agency has assigned SpiceJet a long-term rating of B+ and a…
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.
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…
