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SpiceJet fined for over $27m for unpaid leasing fees

Indian low-cost carrier SpiceJet has been sued for over $27m in UK court over unpaid aircraft lease fees.

Photo: SpiceJet

Wilmington Trust Services and BOC Aviation are sueing SpiceJet over not paying fees for 6 B737s. SpiceJet has reportedly not paid leases on the three 737 maxes since its grounding in April 2019.

Wilmington Trust Services has leased the Indian low-cost carrier three B737max aircrafts and BoC Aviation has leased three B737-800 aircrafts to SpiceJet.

According to the court filings, reported in Simple Flying, the unpaid fees with interest amount to $27.9m.

The filing also gives an insight into how much SpiceJet pays to leasers for its aircraft. These figures are typically secret and not seen in public. For a 737-800, the airline has to pay $220,000 per month to BOC Aviation. For the newer 737 MAX 8, SpiceJet roughly pays $341,800 per month to Wilmington.

The lessor’s decision to sue the airline comes after months of notices and follow-ups for payment of the leases.

SpiceJet will respond to the court on October 19th and the case will proceed in the coming weeks.

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