Engine Lessor Willis Lease Finance Corporation (WLFC) Tuesday argued that the insolvency petition filed by the company against airline Spicejet before the National Company Law Tribunal was maintainable, and the demand...
NCLAT to hear lenders’ plea against Jet Airways’ winning bidder Jalan Kalrock consortium today
The National Company Appellate Tribunal (NCLAT) will hear the plea filed by Jet Airways’ lenders, led by SBI, against the winning bidder Jalan Kalrock consortium to recover pending dues. Last month, the lenders...
Carlyle to acquire 5.9% stake in SpiceJet
Low-fare airline SpiceJet has sought shareholders’ nod to sell 5.91% stake to aircraft lessor Carlyle Aviation at ₹48 per share. Shares of SpiceJet jumped on the news, rising 7.2% on the BSE to close at ₹31.42, on a day...
AirAsia seeks early merger with AI Express
AirAsia India has sought approvals from Directorate General of Civil Aviation (DGCA) to expedite its integration with Air India Express, including a rebranding from AirAsia India to AI Express, three people familiar...
NCLT to hear lessors’ pleas for SpiceJet insolvency in August
The National Company Law Tribunal (NCLT) has postponed the hearing of insolvency pleas against budget carrier SpiceJet, granting the airline 10 days to file a rejoinder. The pleas were filed by aircraft lessors...
Resolution professional invites bids for Go First
As Go First draws up plans to resume flight operations, preparations are also underway to find a suitable new owner for the low-cost carrier. The airline’s resolution professional Shailendra Ajmera on Monday...
NCLT to hear plea by Go First lessors on August 4
The National Company Law Tribunal (NCLT) heard pleas by engine and aircraft lessors of Go First, who are seeking an interim relief from court to inspect planes and engines and deferred the matter till August 4. During...
Temasek sells 1.85% stake in Singapore Airlines, remains top investor
Singapore’s state investor Temasek is selling around S$400 million ($295.92 million) worth of shares, or a 1.85% stake, in the country’s national carrier Singapore Airlines (SIA), according to a term sheet...
Competition Comm issues show cause notice on Air India-Vistara merger deal
Competition Commission of India (CCI) has issued a show cause notice to the parties with respect to the proposed merger of Tata Group airlines Vistara and Air India, according to a source. The fair trade watchdog issues...
NCLT adjourns the Wilmington Trust insolvency plea against SpiceJet
The National Company Law Tribunal, in the petition filed by aircraft lessor Wilmington Trust SP Services (Dublin) Ltd for initiating the corporate insolvency resolution process, adjourned the matter on Monday. The...
Lenders take full control of Go First resolution process, replace key bankruptcy officials
Lenders to Go First Airlines are seeking to take full control of the carrier’s resolution process at the National Company Law Tribunal (NCLT), having replaced key bankruptcy-related officials appointed by the...
Aircraft lessor Wilmington moves NCLT to begin insolvency proceedings against SpiceJet
Aircraft lessor Wilmington has moved the National Company Law Tribunal (NCLT) to start insolvency proceedings against SpiceJet, news agency ANI reported on June 11. The case will be heard on June 12 at Delhi NCLT. In...
