USD 17.6 million dues case: Air India gets reprieve in UK court over aircraft lease payments
Air India has got some reprieve from a UK court as it allowed India's flag carrier time until early January to make payments in a case of unpaid dues of over USD 17.6 million, with the judge accepting the broad thrust of the airline's financial difficulties, especially due to the grounding of flights during the COVID-19 lockdown
The hearing, held remotely at the Commercial Court division here on Friday, involved unpaid dues of over USD 17.6 million to China Aircraft Leasing Company Limited (CALC) as part of an aircraft lease agreement for rent and maintenance. Source: PTI