Meanwhile, during the hearing, counsel for other lessors told the court that the airline's administrator, Shallendra Ajmera, could not adequately maintain their stranded assets, and the court said the administrator's records were "completely in disarray."Īppearing for Go First's administrator, known locally as a resolution professional, Diwakar Maheshwari disclosed that one of the four lessors the airline was in talks with was SMBC Aviation Capital. Go First (GOW, Mumbai International) is in talks with four of its lessors in a bid to retain some aircraft, the LCC's legal counsel told the Delhi High Court on December 14, 2023. India's Go First in talks with some lessors while others sue - 03:29 UTC Get your own ch-aviation PRO account today. Aircraft Stored, Scrapped or Written Off at Airport.Airport Lists by State, Country or Continent.Extended Search Options for over 6,000 Airports.Create your own favourite lists to group News articles.Passenger Numbers and Financial Results.Average Fleet and Subfleet age and total number of seats.Legal Name, Address, Phone, LinkedIn page and E-Mail.Search Airlines by Aircraft Type and/or Fleet Size.Search Airlines by Homebase, Country or Routes/Countries served.Search Airlines by Alliance, Airline Type, Status.Historical Information (Launch/End/Merger details).Extended Search Options for over 7,490 Airlines.Full access to all news articles including exclusive stories reported first by ch-aviation."News to go" - Ability to view multiple full news articles on one page.With a ch-aviation PRO subscription you benefit from a wide range of data and information such as: To access our news database including full archive search and exclusive stories reported first by ch-aviation you need to upgrade to ch-aviation PRO. However, ADS-B flight tracking data shows the aircraft has not ventured out of Indian airspace. VT-SLM ferried out to Mumbai International on December 8 and returned to revenue operations the following day. The court has further ordered to pay towards the legal costs incurred by SpiceJet.” "Additionally, the judge has directed an inquiry into losses suffered by SpiceJet as a result of the order having been made. "In a DIFC Court hearing on December 7, 2023, the order was discharged in favour of SpiceJet," reads a SpiceJet statement on the matter. VT-SLM (msn 35063) was operating a scheduled passenger flight from Ahmedabad to Dubai International on December 1 when it suddenly diverted to Dubai World Central, where an engine lessor was waiting with court-issued seizure documents. Meanwhile, a Dubai International Financial Centre (DIFC) court has ordered the release of a B737-800 seized by an aircraft lessor earlier this month. This week, the NCLT agreed to adjourn the Celestial matter until January 19, 2024. In addition, lessors and other creditors have other lawsuits active against SpiceJet in other courts in India and overseas. Recently, the NCLT dismissed an insolvency petition filed by engine lessor Willis Lease Finance, although that entity told ch-aviation that they will continue to seek redress in superior courts. The lessor is one of three attempting to have the LCC declared insolvent in the National Company Law Tribunal, the others being Aircastle (which has three separate applications running, each involving separate SPVs) and Wilmington Trust SP Services (Dublin). SpiceJet owes Celestial USD29.9 million in unpaid leases involving nine aircraft. Separately, SpiceJet and Celestial Aviation Partners told the Delhi bench of the National Company Law Tribunal on December 7 that they were in settlement talks and requested additional time. Any capital raising remains subject to shareholder and regulatory approval. Twenty-three of SpiceJet's 67 aircraft remain out of service for various reasons. The additional funds would go towards day-to-day expenses such as payroll and also help fund the aircraft reactivation process. However, with more than one potential investor on the cards, the target figure has been revised upwards to around INR15 billion (USD180 million). ![]() The December 6, 2023, filing said the board meeting would "discuss and consider, inter-alia, options for raising fresh capital through issue of equity shares and/or convertible securities on preferential basis." Indian business outlets say the airline was scouting for INR10 billion rupees (USD120 million) to INR12 billion (USD144 million) in funding. ![]() Last week, the LCC advised the Bombay Stock Exchange (BSE) that it is considering options to raise fresh capital. As reported in ch-aviation, the LCC's board is meeting on December 13, 2023, to consider capital raising options, and the prospect of having more than one interested investor has increased the amount of money the airline hopes to raise. Two parties are mulling a large investment in SpiceJet (SG, Delhi International), according to Indian media reports.
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