The Delhi High Court has adjourned the hearing of a lawsuit against no-frill carrier SpiceJet Ltd by aircraft lessor Goshawk and its trustee Wilmington Trust SP Services Dublin Ltd regarding unpaid dues to 14 December after passing an interim order in September preventing the airline from transferring its assets to the tune of decretal amount.
Goshawk and its trustee had leased three planes to SpiceJet, including two Boeing 737Max planes and one Boeing 737-800 aircraft. When SpiceJet decided to spin off the assets, the lessors approached Delhi high court to stop the transfer until the lease dues were paid.
According to reports, SpiceJet’s pending dues for the three aircraft stood at about $16.2 million.
A source with direct knowledge of the matter said that both parties have verbally agreed to settle the lawsuit.
"The case has been settled," the person said requesting anonymity.
However, a spokesperson of Goshawk said that no settlement has been reached with SpiceJet in this matter, which continues to be the subject of litigation.
A SpiceJet spokesperson said that there is no stay from the court on the transfer of logistics business to the subsidiary.
"The plan for capital infusion in logistics arm is progressing," the SpiceJet spokesperson added.
___
(c)2021 the Mint (New Delhi)
Visit the Mint (New Delhi) at www.livemint.com
