New Delhi: Two more planes currently on lease SpiceJet The airline has approached the Directorate General of Civil Aviation (DGCA) to cancel the registration of its leased aircraft. These latest requests come after similar pleas to cancel the registration of four Boeing Over the past month 737s were leased to low-cost carriers which were then re-occupied by lessees.
All these requests have been made under the provisions of Irrevocable De-registration and Export Request Authority (IDERA) which is a part of. Cape Town Convention and provides for de-registering an aircraft in the name of a third party in cases such as default of lease rental to the owner of an aircraft. The regulator has to take a decision on the IDERA request of the lessees within five days. “The DGCA has to check with various authorities whether any tax is due on the aircraft within the given time frame. The idea is to ensure that the aircraft lessees do not face problem in getting the planes back from defaulting (leasing out)/dormant airlines,” say officials.
The latest requests were filed on 25 August by a lessee in Ireland for two B737s, VT-SPU and VT-SGQ. Comments from the airline on the latest requests have been sought and are awaited. In response to earlier requests to deregister four B737s, the airline essentially stated that it was phasing out the older fuel-inefficient aircraft and adding the frugal B737 Max to its fleet.
SpiceJet Promoter Ajay Singh It is seeking funding from outside parties, including airlines, through stake sales to carriers. Singh had recently said that SpiceJet shareholders have approved raising Rs 1,500-2,000 crore and some amount has already been raised.
The DGCA has restricted operations of the cash-strapped airline to 50% of its schedule since last month and will only allow an increase in flights that are “sufficient, technologically efficient to carry out such increased capacity safely and efficiently”. assistance and financial resources.” The airline said earlier this month that it was “in discussions with various investors (including a Middle East carrier and an Indian conglomerate) to secure sustainable financing.”
Earlier this week, Ajay Singh had said: “We are doing this to mobilize resources through a government-backed scheme”. ECLGS, procuring new aircraft from Boeing and hence exploring all options for raising funds… through the SLB (sale and lease back) process… will do everything to ensure that SpiceJet remains a strong and vibrant player.” The airline, which currently has 60 operational aircraft, expects at least seven more to be added by the end of the year.
All these requests have been made under the provisions of Irrevocable De-registration and Export Request Authority (IDERA) which is a part of. Cape Town Convention and provides for de-registering an aircraft in the name of a third party in cases such as default of lease rental to the owner of an aircraft. The regulator has to take a decision on the IDERA request of the lessees within five days. “The DGCA has to check with various authorities whether any tax is due on the aircraft within the given time frame. The idea is to ensure that the aircraft lessees do not face problem in getting the planes back from defaulting (leasing out)/dormant airlines,” say officials.
The latest requests were filed on 25 August by a lessee in Ireland for two B737s, VT-SPU and VT-SGQ. Comments from the airline on the latest requests have been sought and are awaited. In response to earlier requests to deregister four B737s, the airline essentially stated that it was phasing out the older fuel-inefficient aircraft and adding the frugal B737 Max to its fleet.
SpiceJet Promoter Ajay Singh It is seeking funding from outside parties, including airlines, through stake sales to carriers. Singh had recently said that SpiceJet shareholders have approved raising Rs 1,500-2,000 crore and some amount has already been raised.
The DGCA has restricted operations of the cash-strapped airline to 50% of its schedule since last month and will only allow an increase in flights that are “sufficient, technologically efficient to carry out such increased capacity safely and efficiently”. assistance and financial resources.” The airline said earlier this month that it was “in discussions with various investors (including a Middle East carrier and an Indian conglomerate) to secure sustainable financing.”
Earlier this week, Ajay Singh had said: “We are doing this to mobilize resources through a government-backed scheme”. ECLGS, procuring new aircraft from Boeing and hence exploring all options for raising funds… through the SLB (sale and lease back) process… will do everything to ensure that SpiceJet remains a strong and vibrant player.” The airline, which currently has 60 operational aircraft, expects at least seven more to be added by the end of the year.