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India court to rehear bankruptcy petitions against SpiceJet

India court to rehear bankruptcy petitions against SpiceJet

- An Indian court said on Wednesday it will rehear bankruptcy petitions filed by aircraft lessors against cash-strapped SpiceJet SPJT.BO, after the airline reached a last-minute settlement with one lessor.

The move means SpiceJet's existing management will remain in control of India's fourth-largest airline while the petitions are reconsidered.


(Reporting by Abhijith Ganapavaram; Editing by Christopher Cushing)

((Email: Abhijith.G@thomsonreuters.com; Mobile: +91-9019785574;))

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