SpiceJet tried to allay fears by calling it a normal course of action and added that the firm didn’t face any adverse ruling.
In an unexpected turn of events, Go First disappeared from websites when consumers tried to look for air tickets, as it applied for insolvency and grounded flights. Immediately after that SpiceJet picked up Rs 400 crore in debt with plans to revive 25 aircraft, in order to capitalise on Go First’s absence in the skies.
But in yet another shock to flyers, SpiceJet also faces insolvency, because of its creditors who have filed a case with the National Company Law Tribunal.
Stung by creditors
After this, the NCLT sent a notice to SpiceJet for failure to pay dues to Aircastle, the firm from which it leased four of its Boeing 737 aircraft.
But SpiceJet tried to allay fears by calling it a normal course of action and added that the firm didn’t face any adverse ruling.
It also mentioned that the court recognises that both parties are discussing a settlement and can keep doing so.