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SpiceJet, Engine Lease Finance Corporation
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 settles $16 million dispute with engine leasing company ELFC
SpiceJet has resolved its dispute with Engine Lease Finance Corporation by reaching a financial settlement. This comes after the airline raised ₹3,000 crore through a 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 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.
SpiceJet Settles Dispute With Engine Lease Finance Corporation For Undisclosed Amount
The settlement follows SpiceJet’s successful Rs 3,000 crore fundraise through a Qualified Institutional Placement (QIP).
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 $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
AeroTime
10h
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 ...
Aviation Week
8h
SpiceJet Achieves Fundraising Goal, Cites Strong Investor Demand
“The strong response from investors and institutions is a testament to their faith in SpiceJet’s potential to rapidly scale ...
ndtvprofit
4h
SpiceJet Shares: Authum Investment Pares Rs 37-Crore Stake Via Bulk Deal
Authum Investment held a stake of 3.55% in SpiceJet till Sept. 20. The offloading of shares via the bulk deal has reduced its ...
5d
SpiceJet’s Share Sale Said to Lure Tata Mutual Fund Among Others
SpiceJet Ltd.’s $358 million share sale attracted bids from several large investors including Tata Mutual Fund, people ...
Deccan Herald
2h
DH Deciphers | The ramifications of SpiceJet's fundraise
In this edition of DH Deciphers, Abhilash Reddy, delves into the financial baggage SpiceJet is still carrying and if the ...
Opinion
6h
Opinion
Mint Quick Edit | Will SpiceJet’s funding refill keep it airborne?
SpiceJet has raised ₹3,000 crore through a QIP and will also get ₹736 crore from an earlier round. To the extent the money ...
12h
Financial Turbulence: SpiceJet's New Debt Default Crisis
The National Company Law Tribunal (NCLT) has issued a notice to the SpiceJet. The notice was issued in response to a plea by ...
1d
NCLT issues notice to SpiceJet over another unpaid operational debt
NCLT issues notice to SpiceJet after Techjockey Infotech files plea over Rs 1.18 crore unpaid operational debt. Hearing set ...
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