London’s Commercial Court has reportedly directed SpiceJet to pay about $8 million to Sunbird France 02 SAS over unpaid dues linked to 3 aircraft engines.
The court granted summary judgment in favour of the lessor, noting the airline had no realistic defence in the case.
The order relates to outstanding lease rentals and maintenance-related payments accumulated over multiple years.
The claim includes unpaid rent from January 2022 and maintenance accruals dating back to November 2020. According to court filings, the lessor issued default notices in July 2022 after dues remained unsettled.
Following this, the engines were repossessed in stages between late 2022 and mid-2023. These actions formed the basis of the legal claim brought before the UK court.
The case points to a continuing pattern of payment disputes between airlines and leasing firms.
Records show that SpiceJet had initially appointed legal counsel in the UK. However, it did not file a formal defence or respond to the application made by the lessor.
The court noted the absence of any substantive challenge to the claim while granting the order. The airline did not respond to queries seeking comment on the development.
The ruling comes amid ongoing financial pressure on SpiceJet. The airline has faced operational and funding constraints following the grounding of the Boeing 737 MAX fleet and the effects of the COVID-19 pandemic.
It has also seen a decline in market share, with newer carriers such as Akasa Air expanding operations in recent years.
Financial disclosures indicate continued losses and a gap between liabilities and available assets. Auditors have flagged uncertainty over the airline’s ability to continue as a going concern.
The airline has taken steps to manage costs, including workforce reductions and delays in salary payments. Reports indicate that furloughs and leave without pay have been considered.
There have also been instances of employees being asked to exit earlier during notice periods as part of ongoing adjustments.
Read More: Axis Bank Share Price Gains Over 2%; Integrates with Banking Connect Platform!
As of April 10, 2026, 12:02 pm, SpiceJet Ltd share price was trading at ₹12.27, up 4.96% from the previous closing price.
The court order adds to the airline’s existing liabilities. The development highlights financial and operational challenges as the company addresses pending obligations.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing.
Published on: Apr 10, 2026, 12:48 PM IST
Team Angel One
We're Live on WhatsApp! Join our channel for market insights & updates
Get the link to download the App
