Source: Reuters (via feed)
A UK court has ordered India’s SpiceJet to pay about $8 million to an aircraft engine lessor. The payment covers unpaid rent and maintenance charges. These charges concern three engines. This case involves a lessor and SpiceJet. The order represents a setback for the cash-strapped airline.
BizTrendWire Insight:
The UK court ruling formalizes payment obligations for aircraft engine leases.
The UK court ruling formalizes payment obligations for aircraft engine leases.
