ICBC leasing arm asks India’s DGCA to deregister four Boeing 737 MAX 8 jets leased to SpiceJet as repossession begins
China’s largest bank’s aircraft leasing unit has requested India’s Directorate General of Civil Aviation to deregister four Boeing 737 MAX 8 aircraft leased to SpiceJet. The action follows missed lease payments and begins the formal repossession process, with the airline set to lose four jets while operating with about 11 aircraft.