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    Aviation
    SpiceJet reaches settlement to resolve USD 90.8 mn liabilities

    SpiceJet reaches settlement to resolve USD 90.8 mn liabilities

    SpiceJet and Export Development Canada (EDC) have signed a settlement agreement, the terms of which will allow the airline to clear major liabilities, leading to a comprehensive revitalisation of its balance sheet. This settlement marks

    Aviation
    SpiceJet settles dispute with Lessor, saving costs

    SpiceJet settles dispute with Lessor, saving costs

      SpiceJet has officially resolved a USD 49.8 million (INR 413 Crore) dispute with Echelon Ireland Madison One Ltd., marking a significant achievement for the airline. This settlement not only translates to substantial cost savings

    Aviation
    SpiceJet, Cross Ocean Partners settle USD 11.2mn dispute

    SpiceJet, Cross Ocean Partners settle USD 11.2mn dispute

    SpiceJet has reached a settlement terms with aircraft leasing firm, Cross Ocean Partners, resolving a dispute of about USD 11.2 million (INR 93 crore). The parties made this joint announcement before the Delhi High Court

    Aviation
    Go First sale faces uncertainty as bidders tie payments to lawsuit resolution

    Go First sale faces uncertainty as bidders tie payments to lawsuit resolution

    The fate of Go First hangs in the balance as potential buyers, including a consortium led by SpiceJet Chief Ajay Singh and Sharjah-based Sky One, propose conditional payments linked to the resolution of a lawsuit

    Aviation
    SpiceJet and Celestial Aviation reach agreement on aircraft lease

    SpiceJet and Celestial Aviation reach agreement on aircraft lease

      Budget carrier SpiceJet Limited disclosed a resolution with aviation lessor Celestial Aviation before the National Company Law Tribunal (NCLT). The airline has commenced payment processes under the agreement and seeks an extra week to

    Aviation
    SpiceJet’s investments reach INR 1,060cr after raising additional INR 316cr

    SpiceJet’s investments reach INR 1,060cr after raising additional INR 316cr

    SpiceJet has raised an additional INR 316 crore, bringing the total investments raised to INR 1,060 crore under its preferential issue. The combined sum reflects strong investor confidence in SpiceJet's future and unlocks exciting opportunities

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