Learn languages naturally with fresh, real content!

tap to translate recording

Explore By Region

flag SpiceJet settles $90.8 million debt with EDC, gaining full ownership of 13 Q400 aircraft.

flag Indian budget airline SpiceJet has announced a settlement agreement with the Export Development Canada (EDC) to clear a debt of $90.8 million (Rs 755 crore). flag This agreement will enable SpiceJet to take full ownership of 13 Q400 aircraft financed by EDC, enhancing its operational capacity and fleet management capabilities. flag This settlement is expected to lead to substantial savings and improvements in SpiceJet's balance sheet.

20 Articles