Aircraft lessor Aircastle withdraws insolvency case against airline: SpiceJet

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Last month, SpiceJet announced the solution of a $23.39 cardinal quality with Aircastle (Ireland) Designated Activity Company and Wilmington Trust SP Services (Dublin) Ltd. (Express file)

SpiceJet connected Thursday said craft lessor Aircastle has withdrawn the insolvency lawsuit against the hose pursuing a “mutually agreed upon settlement”.

Last month, SpiceJet announced the solution of a $23.39 cardinal quality with Aircastle (Ireland) Designated Activity Company and Wilmington Trust SP Services (Dublin) Ltd.

“Aircastle (Ireland) Designated Activity Company has withdrawn its insolvency lawsuit against SpiceJet earlier the National Company Law Tribunal (NCLT). This follows a mutually agreed-upon settlement, marking a affirmative crook successful the airline’s efforts to rebuild and fortify ties with its partners,” the hose said successful a statement.

The colony was reached for an aggregate sum of $5 million, alongside an statement connected the attraction of definite craft engines, SpiceJet added.

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