SpiceJet is facing renewed financial trouble as three Ireland-based aircraft lessors and a former pilot have filed insolvency petitions against the budget carrier in the National Company Law Tribunal (NCLT), citing unpaid dues. Lessors NGF Alpha, NGF Genesis, and NGF Charlie have moved NCLT under Section 9 of the Insolvency and Bankruptcy Code (IBC),…
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Bradley Wiggins has opened up on his post-retirement struggles, as the cycling legend detailed his drug addiction battle and the financial issues which declared him bankrupt in June last year. Wiggins, who won a previous national record eight Olympic gold medals, was one of the greatest cyclists ever produced by Great Britain, winning titles on…
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APUS Zero Emission Enters Provisional Insolvency Amid Challenges in Green Hydrogen Aviation – World Energy APUS Zero Emission, a pioneer in hydrogen aircraft development, has entered provisional insolvency proceedings as it grapples with financial viability issues in the slowly transitioning green aviation sector. APUS Zero Emission GmbH, based in Strausberg, has been placed under provisional…
Fresh trouble for SpiceJet as 3 aircraft lessors, former pilot file insolvency pleas Daily Excelsior Read the original article here
SpiceJet Ltd has been hit with fresh insolvency claims from three Ireland-based aircraft lessors and a former pilot over defaults on rental and employment dues, just as the financially strained airline prepares to revive operations. Three Irish lessors—NGF Genesis Ltd, NGF Charlie Ltd, and NGF Alpha Ltd—have alleged that SpiceJet defaulted on rental payments, with…
SpiceJet faces fresh insolvency proceedings from three Irish aircraft lessors and a former pilot in NCLT, claiming defaults. The lessors seek initiation of insolvency proceedings against SpiceJet claiming dues totalling USD 12.68 million. New Delhi, Mar 8 (PTI) SpiceJet is facing fresh round of troubles as three Ireland-based aircraft lessors and a former pilot have…
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