SpiceJet said on Friday that it is in negotiation with its aircraft lessors, who have dragged it into litigation over default on rents, for the purpose of resolving the issue amicably.
The airline has reached in-principle understanding with one of the two lessors already, and is in advanced discussions with the other lessor, SpiceJet said in a statement.
Justice Rajiv Shakdher directed the Directorate General of Civil Aviation (DGCA) to “forthwith” deregister the aircraft saying once the creditors fulfilled the conditions prescribed in Aircraft Rules, the aviation regulator was “mandatorily required to cancel registration”.
“In parallel with the court proceedings, discussions have been ongoing with the lessors for an amicable settlement. SpiceJet fully expects the matter will be resolved shortly and positively with the lessors, and there will be no grounding of aircraft or disruption of operations,” the airline said.