Today(11th Sept),The Delhi High Court upheld a ruling requiring SpiceJet to ground three engines after defaulting on payments to French lessors. This decision reflects the mounting financial pressure and legal consequences faced by the airline.
The Delhi High Court has criticized SpiceJet for repeatedly failing to pay its aircraft engine lessors. The court demands that the airline’s directors personally guarantee the payment, reflecting the seriousness of SpiceJet’s financial troubles. This demand highlights the need for a lasting solution to the airline’s cash flow issues and delayed payments.
