SpiceJet gets relief on aircraft lease default case in British court

The court refused to take any action against SpiceJet on the grounds that forcing the airline to pay at this stage could result in the airline's insolvency

A UK court has asked Irish aircraft lessor Goshawk and Indian low-cost airline SpiceJet to mutually mediate, despite recognising that the airline has defaulted on payment of lease.

Goshawk and its trustees had sued SpiceJet for $16.2 million, which the airline has been unable to pay.

In a summary judgment, the court, despite ruling that Goshawk is right to claim the amount, refused to take any action against SpiceJet on the grounds that forcing the airline to pay at this stage could result in its insolvency. 

This clearly isn’t in Goshawk's best interest. It has instead asked the airline and the lessor to