SpiceJet's new crisis may leave it with fewer planes
Synopsis Aircraft lessors are repossessing planes from SpiceJet after the airline failed to pay lease rentals. The finance leasing arm of Industrial and Commercial Bank
Synopsis Aircraft lessors are repossessing planes from SpiceJet after the airline failed to pay lease rentals. The finance leasing arm of Industrial and Commercial Bank of China requested the DGCA to take back four Boeing 737 Max aircraft. Nearly eighty percent of SpiceJet's fleet is currently grounded amid continued financial woes and employee salary issues. The airline has run out of cash despite raising funds, which were used for statutory dues.
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