Reuters exclusively reports two SpiceJet lessors in talks to reclaim planes

Reuters reported exclusively that two lessors to Indian carrier SpiceJet Ltd are in talks to terminate contracts and repossess planes via mutually agreed deals with the airline over missed payments. One of the leasing companies started to pull out a few planes earlier this year after SpiceJet failed to pay maintenance fees due since late last year and lease rentals since last month. The second lessor began discussions, which are ongoing, last month just as the coronavirus pandemic started crippling the airline industry.