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Articles for Lessor

Aircraft lessor Genesis to buy stake in SpiceJet as part of settling $16 million dispute
5 days, 14 hours ago

Aircraft lessor Genesis to buy stake in SpiceJet as part of settling $16 million dispute

The Hindu  

SpiceJet on Thursday said aircraft lessor Genesis will acquire a stake worth $4 million in the airline as part of settling a more than $16 million dispute. ''Under the agreement, SpiceJet will pay Genesis $6 million and Genesis will acquire $4 million in SpiceJet equity at a price of ₹100 per share,'' it said. In September, Carlyle Aviation agreed to …

Dispute Million Genesis Spicejet Buy Stake
S. 106 TP Act | 15 Days' Notice To 'Tenant Holding Over' A Must Before Eviction: Orissa High Court
2 weeks, 5 days ago

S. 106 TP Act | 15 Days' Notice To 'Tenant Holding Over' A Must Before Eviction: Orissa High Court

Live Law  

The Orissa High Court has reiterated that the lessor is required to give a minimum 15-days-notice to the lessee in the nature of 'tenant holding over', as prescribed under Section 106 of the Transfer of Property Act, before seeking to evict him from his immoveable property. While deciding a regular second appeal, the Single Bench of Justice Sashikanta Mishra explained …

Property Court Tenant Notice Suit Bench Possession
Delhi high court upholds order asking SpiceJet to return three engines to lessor
3 months, 1 week ago

Delhi high court upholds order asking SpiceJet to return three engines to lessor

Hindustan Times  

A division bench of the Delhi high court on Wednesday upheld a single judge’s order directing the budget airline SpiceJet to ground three engines and return them to the lessor—Team France 01 SAS and Sunbird France 02 SAS. SpiceJet approached a high court division bench against the August 14 order directing the grounding of three engines. SpiceJet approached the division …

Delhi Order Engines Airline Spicejet Three Engines Lessor
Re-tweak the IBC to better secure aircraft lessor rights
1 year, 2 months ago

Re-tweak the IBC to better secure aircraft lessor rights

Live Mint  

The ministry of corporate affairs through a notification has decided to make the mandatory moratorium under Section 14 of the Insolvency and Bankruptcy Code inapplicable to “transactions, arrangements or agreements, under the Convention and the Protocol, relating to aircraft, aircraft engines, airframes and helicopters." This comes as a breather to international aircraft lessors, which had leased assets to Indian operators …

India International Rights Aircraft Indian Ctc Ibc
NCLAT allows Go First lessor to inspect aircraft
1 year, 4 months ago

NCLAT allows Go First lessor to inspect aircraft

Live Mint  

New Delhi: The National Company Law Appellate Tribunal on Friday allowed Go First Airline's engine lessor, Engine Lease Finance BV, to inspect its four parked engines leased to the grounded airline. The engine lessor argued that it should be treated on par with aircraft lessors, who were allowed to inspect their parked aircraft by the Delhi High Court's single bench. …

Court Aircraft Engine Nclt Nclat Lessor Inspect
Go First: Aircraft lessor moves Delhi High Court seeking directions to take back its leased plane
1 year, 7 months ago

Go First: Aircraft lessor moves Delhi High Court seeking directions to take back its leased plane

The Hindu  

As Go First undergoes insolvency resolution proceedings, an aircraft lessor moved the Delhi High Court seeking directions to the authorities to release the plane leased to the crisis-hit airline. Besides, two more aircraft lessors have moved the National Company Law Appellate Tribunal opposing the airline's insolvency proceedings. With moratorium on financial obligations and transfer of assets of Go First in …

Aviation Aircraft Delhi High Court Nclat Lessor
Air India seeks lessor jet delivery financing after record order
1 year, 9 months ago

Air India seeks lessor jet delivery financing after record order

Live Mint  

Air India has kicked off financing for a plane order worth tens of billions of dollars by asking leasing companies to submit proposals for sale-leaseback deals, the airline said on Monday as industry executives play down the impact of recent banking-sector turmoil on aviation. Air India Chief Executive Campbell Wilson confirmed the airline had gone to the leasing market with …

India Air Airline Reuters Tata Financing Lessor
SpiceJet enters into settlement agreement with aircraft lessor Goshawk Aviation, affiliates
2 years, 4 months ago

SpiceJet enters into settlement agreement with aircraft lessor Goshawk Aviation, affiliates

India TV News  

Highlights Goshawk Aviation Limited is one of the main lessors of the MAX aircraft of SpiceJet The parties have agreed to settle their disputes under and related to the aircraft lease agreements The agreement ends all litigation proceedings between the parties SpiceJet on Tuesday announced a settlement agreement with aircraft lessor Goshawk Aviation Limited and its affiliated leasing entities Wilmington …

Aviation Aircraft Settlement Civil Aviation Boeing Agreement Airline
Account Statements And IT Returns Relied On By Arbitral Tribunal, Have Evidentiary Value : Delhi High Court
2 years, 4 months ago

Account Statements And IT Returns Relied On By Arbitral Tribunal, Have Evidentiary Value : Delhi High Court

Live Law  

The Delhi High Court has ruled that the arbitral award cannot be set aside on the ground that the material relied upon by the Arbitral Tribunal does not measure up to the standards under the Indian Evidence Act, 1872. The Commercial Court held that the Arbitral Tribunal had grossly erred in relying on the Income Tax Return and the bank …

Evidence Court Delhi High Court Commercial Patent Illegality Statements Tribunal
SpiceJet lessor asks Indian regulator to de-register 3 planes
2 years, 4 months ago

SpiceJet lessor asks Indian regulator to de-register 3 planes

The Hindu  

A Dubai-based lessor of SpiceJet Ltd. has asked India's aviation regulator to deregister three of the budget airline's planes as SpiceJet struggles with high costs and maintenance challenges. The United Arab Emirates aeronautics firm AWAS did not specify why it was seeking to deregister the three Boeing 737s in Friday's notification, published by India's aviation regulator. India's Director General of …

India Spicejet
SpiceJet settles suit with aircraft lessor Goshawk
3 years ago

SpiceJet settles suit with aircraft lessor Goshawk

Live Mint  

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 …

Boeing Spicejet Goshawk