SpiceJet is embroiled in a legal dispute with three aircraft lessors who have accused the airline of unlawfully removing critical components, including engines, from five Boeing 737 freighter aircraft that were leased to them. These aircraft, which were operated by SpiceJet’s cargo division, SpiceXpress, have reportedly been stripped of parts without the lessors’ consent, sparking serious legal ramifications. The lessors involved in the case—NGF Genesis Ltd., NGF Charlie Ltd., and NGF Alpha Ltd., all based in Ireland—have issued a formal legal notice to the airline over the alleged theft of key components.
According to the lessors, SpiceJet has violated the terms of their lease agreements by removing vital parts, such as engines, from the aircraft without authorization. The leased aircraft were meant to be returned in the same condition as when they were handed over to the airline, and the lessors claim that SpiceJet’s actions are in direct breach of these contractual terms. The lessors are now seeking legal recourse to recover the parts and hold SpiceJet accountable for the alleged theft.
The situation has raised concerns over SpiceJet’s financial and operational stability, as the airline has faced increasing challenges in recent months, including ongoing financial difficulties and legal issues. The cargo division, SpiceXpress, has been a crucial part of SpiceJet’s operations, and any disruption in the fleet could potentially affect the airline’s ability to maintain its cargo services.
This legal issue adds to the growing list of problems SpiceJet is currently dealing with, as the airline has struggled to resolve a range of operational and financial hurdles in recent years. The airline’s response to the allegations is still pending, but this dispute with the lessors could have far-reaching consequences, further complicating SpiceJet’s already challenging business environment. The resolution of this legal matter will be crucial for the airline’s future operations, particularly in maintaining its cargo services and sustaining its long-term viability.