SpiceJet settles $131.85m dispute for $22.5m, reducing liabilities and inducting ten new aircraft by Nov 2024.

SpiceJet has settled a $131.85 million dispute with Babcock & Brown Aircraft Management for $22.5 million, significantly reducing its liabilities and strengthening its financial position. Following a successful ₹3,000 crore Qualified Institutional Placement, the airline plans to induct ten new aircraft by November 2024. The settlement has positively impacted SpiceJet's stock, allowing for focused growth and expanded services.

October 09, 2024
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