Indian airline SpiceJet has been hit by a $120 million suit. The case pertains to four Ireland-registered companies, all part of the Industrial and Commercial Bank of China’s aircraft leasing business, which claim the airline has missed payments of basic rents, failed to pay for engine maintenance and damages, and needs to top up security deposits.

Indian airline SpiceJet has been hit by a $120 million suit by a Chinese bank in the High Court of Justice in London. The case pertains to four Ireland-registered companies, all part of the Industrial and Commercial Bank of China’s aircraft leasing business, which leased out three Boeing 737-800 NG aircraft and four Boeing 737-8 MAX aircraft to SpiceJet between 2012 and 2018.

SpiceJet has been hit by multiple claims by aircraft leasing companies, especially in the wake of the COVID lockdown. REPRESENTATION PIC/SATEJ SHINDE