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SpiceJet resolves dispute with Engine Lease Finance Corp
SpiceJet finalizes settlement with Engine Lease Financial Corporation
SpiceJet has settled its $16.7 million dispute with Engine Lease Finance Corporation for an undisclosed lower amount. The airline raised Rs. 3000 crore through a highly successful Qualified Institutional Placement,
SpiceJet finalises settlement with ELFC, to resolve liabilities worth $16.7 mn
Spicejet's settlement with Engine Lease Finance Corporation comes amid the airline's wider initiatives to streamline operations for future growth
SpiceJet resolves $16.7 mn dispute with Engine Lease Finance Corporation
Representatives from both SpiceJet and ELFC are set to formalise the agreement, effectively ending all legal proceedings between the two
SpiceJet finalises settlement with Engine Lease Finance Corporation to resolve $16.7 mn liabilities
SpiceJet has resolved its dispute with Engine Lease Finance Corporation (ELFC) through a settlement. ELFC had initially claimed $16.7 million, but agreed to settle for an undisclosed, lower amount. This agreement allows SpiceJet to withdraw all ongoing litigation and focus on future growth,
SpiceJet finalises settlement with Engine Lease Finance Corporation
The representatives of both parties will now formalise the settlement agreement, with a view to withdrawing all ongoing litigation and ending disputes between them.
SpiceJet resolves dispute with Engine Lease Finance Corporation, to settle $16.7-mn claim
Ajay Singh, Chairman and Managing Director of SpiceJet, said, the mutually beneficial settlement with ELFC not only resolves past issues but also strengthens its position as it embarks on the next phase of growth and expansion.
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SpiceJet settles million-dollar dispute with lessor, aims for 100 planes by 2026
The Indian low-cost carrier SpiceJet has struck a settlement with Engine Lease Finance Corporation to resolve a $16.7 million ...
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SpiceJet has raised ₹3,000 crore through a QIP and will also get ₹736 crore from an earlier round. To the extent the money ...
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ET Now on MSN
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SpiceJet QIP: Rs 3,000 cr fresh funding! Cash-strapped airline to pay salaries, PFs to employees soon – Details
The cash-strapped Indian airline
SpiceJet
has got another fresh breather for going bankrupt following the successful fund ...
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