SpiceJet Grounded by London Court: The $8 Million Debt That Exposes an Airline on the Edge
London's Commercial Court has ruled against SpiceJet, ordering the Indian low-cost airline to pay approximately $8 million to Sunbird France 02 SAS, a French aircraft engine lessor, over unpaid rent and maintenance charges for three aircraft engines. The summary judgment, granted on Wednesday, found that SpiceJet had no viable defense against the claim — a damning legal verdict that further deepens the airline's already precarious financial position.Debt Rooted in the Pandemic YearsThe financial obligations in question stretch back to the height of the COVID-19 pandemic. The unpaid maintenance accruals date as far back as November 2020, whi...
