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.

5 months ago
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