SpiceJet Operation Kaveri sudan

2 Boeing Of SpiceJet Deregistered

SpiceJet Operation Kaveri sudan

The Directorate General of Civil Aviation (DGCA) has cancelled the registration of two aircraft of SpiceJet, Boeing-737Max aircraft, following the request of a foreign-based lessor on the request of the Indian aviation regulator.

Senior official from regulator confirmed and said, “Under the provisions of Irrevocable De-registration and Export Request Authorisations (IDERA) it has happened.”
However, the airline company SpiceJet said in a statement that the move will not have an affect on the operations.

“The cancellation of the registration of the two aircraft will not affect the operations,” it said.

” While one of the aircraft is grounded for a long period and was to be returned earlier, the other is being returned due to certain engine issues with lessor. Both aircraft are being returned in the most efficient manner consensually,” SpiceJet statement added.

Meanwhile, two more planes were also deregistered last year following a request from another foreign lessor after SpiceJet defaulted on payment of lease rent.

Recently Budget carrier SpiceJet has restructured over USD 100-million outstanding dues to Carlyle Aviation Partners, into equity shares and compulsorily convertible debentures (CCDs). Aircraft lessor Carlyle Aviation Partners is the commercial aviation investment and servicing arm of Carlyle’s USD 143-billion Global Credit platform.

The transaction will wipe out over USD 10-million debt of SpiceJet, thereby strengthening its balance sheet for future expansion. The move will substantially deleverage the company’s balance sheet. (ANI)

Read More:

0 0 votes
Article Rating
Notify of
Inline Feedbacks
View all comments

We use cookies to give you the best online experience. By agreeing you accept the use of cookies in accordance with our cookie policy.

Privacy Settings saved!
Privacy Settings

When you visit any web site, it may store or retrieve information on your browser, mostly in the form of cookies. Control your personal Cookie Services here.

These cookies are essential in order to enable you to move around the website and use its features. Without these cookies basic services cannot be provided.

Cookie generated by applications based on the PHP language. This is a general purpose identifier used to maintain user session variables. It is normally a random generated number, how it is used can be specific to the site, but a good example is maintaining a logged-in status for a user between pages.

Used on sites built with Wordpress. Tests whether or not the browser has cookies enabled
  • wordpress_test_cookie

In order to use this website we use the following technically required cookies
  • wordpress_test_cookie
  • wordpress_logged_in_
  • wordpress_sec

Decline all Services
Accept all Services
Would love your thoughts, please comment.x