SpiceJet settles Rs 250 crore dispute with Celestial Aviation through amicable negotiations.

SpiceJet, an Indian budget airline, has settled a Rs 250 crore ($33.7 million) dispute with aircraft lessor Celestial Aviation, a subsidiary of AerCap, through amicable negotiations. The settlement marks a significant step forward for both parties and underscores their commitment to finding amicable solutions to complex challenges. SpiceJet recently secured investments amounting to Rs 1,060 crore, which will be partly used to settle past liabilities. The matter is now scheduled to be formally withdrawn on March 1.

February 28, 2024
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