SpiceJet leaked to the market this week that it has started to pay back lessors and other creditors saying that a $10 million injection by new investor Ajay Singh has been distributed among lessors threatening to repossess their aircraft. This is liberal truth at best. The reality is that ICBC and MCAP have received funds, at the time of writing it could not be confirmed if Air Lease has received funds but it is suspected that it has. However, AWAS and BBAM (as well as BOC Aviation as yet unconfirmed sources state) confirm that they have not received any funds

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