BOC Aviation, Wilmington take Spicejet to court | News | Airfinance Journal

BOC Aviation, Wilmington take Spicejet to court

BOC Aviation and Wilmington Trust have partnered to seek legal redress in a UK court over missed aircraft lease rental payments from Indian carrier Spicejet.

In a joint claim filed 3 September, Wilmington Trust SP Services (Dublin) and BOC Aviation (Ireland) filed a Part 7 claim against Spicejet.

Under UK civil procedure rules, Part 7 proceedings typically occur where there is a substantial dispute of fact. They are initiated when a claimant asks the court to issue a claim form.

BOC Aviation tells Airfinance Journal that it leases three Boeing 737 Max 8 aircraft and three 737-800 aircraft to Spicejet.

Separately, on 7 September, the High Court of Delhi gave Spicejet six weeks to deposit INR2.43 billion ($33 million) in interest for warrants and non-convertible cumulative preference shares that were allegedly agreed and paid for but not issued to Indian media baron Kalanithi Maran, local media reported.

Spicejet says it is reviewing all claims against it.

Singapore-based BOC Aviation also is suing Air Asia X for $23 million for missed payments relating to four Airbus aircraft.

Transaction SnapshotBOC Aviation | Bond issuance | 09-20 | $750m

Financial Close:
09/09/2020
Value:
$750.00m USD
Full Details

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