SpiceJet gets more time as NCLT defers lessors’ bankruptcy cases

The NCLT postponed rulings on SpiceJet bankruptcy petitions after a settlement. The tribunal will issue its order on Wednesday, August 19, after reviewing the agreement. Judges criticized the late notification of the settlement by the airline and lessor. SpiceJet faces ongoing financial and operational challenges amid reduced market share. Disputes with aircraft lessors continue, impacting airline operations and grounded aircraft.