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SpiceJet Says Aircraft Won't Be Grounded After High Court Order

SpiceJet Says Aircraft Won't Be Grounded After High Court Order
An aircraft of Indian airline Spicejet lands at Indira Gandhi International Airport in New Delhi on September 8, 2012. AFP PHOTO/RAVEENDRAN (Photo credit should read RAVEENDRAN/AFP/GettyImages)
RAVEENDRAN via Getty Images
An aircraft of Indian airline Spicejet lands at Indira Gandhi International Airport in New Delhi on September 8, 2012. AFP PHOTO/RAVEENDRAN (Photo credit should read RAVEENDRAN/AFP/GettyImages)

MUMBAI — India's low-cost carrier SpiceJet Ltd on Friday said it expects to resolve settlement disputes with its lessors shortly, and that there will be no grounding of aircraft or disruption in operations.

The Delhi High Court had on Thursday ordered the country's aviation regulator to de-register six SpiceJet aircraft belonging to two lessors.

The carrier was on the verge of collapsing in December after running out of cash to pay its creditors, before co-founder Ajay Singh stepped in with a rescue package to keep the airline flying.

SpiceJet has reached an in-principle understanding with one of the two lessors and is in advanced discussions with the other, the company said in a statement, adding that the situation of the airline is "very different" from what it was in late 2014.

The company also expects to add 8-9 Boeing aircraft to its fleet starting April and plans to take its Boeing fleet up to 34-35 aircraft by the end of 2015, the statement added.

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This article exists as part of the online archive for HuffPost India, which closed in 2020. Some features are no longer enabled. If you have questions or concerns about this article, please contact indiasupport@huffpost.com.