SpiceJet v Goshawk summary judgement receives stay of execution

On April 30, the English High Court handed down a summary judgement in the case of certain subsidiaries owned, or managed, by Goshawk and Indian low-cost carrier SpiceJet (Wilmington Trust SP Services (Dublin) Ltd & Ors v SpiceJet Ltd (2021) EWHC 1117 https://www.bailii.org/ew/cases/EWHC/Comm/2021/1117.html), which highlights a number of interesting legal points for lessors and lessees during this time of crisis. SpiceJet leased three aircraft from Goshawk (or Goshawk managed companies) – one 737-800 (msn 41397) and two 737-MAX8s (msn 64507 and 64509) – on industry standard lease terms (including “hell or high water” and “set-off” provisions).  After the airline fell behind on