SpiceJet Ltd has been hit with new insolvency claims from three Ireland-based aircraft lessors and a former pilot over alleged defaults on rental and employment dues. The development comes as the financially troubled airline works on reviving its operations.
The three lessors—NGF Genesis Ltd, NGF Charlie Ltd, and NGF Alpha Ltd—have collectively filed claims amounting to $12.4 million, citing non-payment of aircraft lease rentals. These claims add to SpiceJet’s ongoing financial struggles, as it battles multiple legal and operational challenges.
In addition to the lessors, a former pilot has also initiated insolvency proceedings, alleging unpaid dues related to employment. This further intensifies the airline’s legal troubles at a time when it is trying to regain stability and restore its fleet operations.
SpiceJet has been making efforts to restructure its finances, secure funding, and resume grounded aircraft. However, the mounting legal claims could complicate its revival plans. The airline has yet to issue an official statement addressing the latest insolvency petitions.
The fresh claims mark another setback for the low-cost carrier, which has been facing financial distress due to lease defaults, cash flow constraints, and operational disruptions in recent years. The outcome of these proceedings will be crucial in determining the future course of the airline.