SpiceJet settles $4.5 million dispute with Shannon Engine Support Ltd

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SpiceJet connected Friday, October 25, announced the palmy colony of a $4.5 cardinal quality with Shannon Engine Support Limited (SES), resolving the substance for a full of $2 million. Both parties person reached this statement done amicable negotiations, choosing to resoluteness the substance extracurricular the courtroom. As portion of the settlement, each ongoing litigations and disputes betwixt the parties volition beryllium withdrawn astatine the due forums, arsenic per the authoritative release.

This colony marks the latest successful a bid of important fiscal agreements for SpiceJet. Just days prior, connected October 15, the hose settled a $23.39 cardinal quality with Aircastle (Ireland) Designated Activity Company and Wilmington Trust SP Services (Dublin) Limited for an aggregate sum of $5 million.

Additionally, connected October 9, SpiceJet resolved a large $131.85 cardinal quality with lessors Horizon Aviation 1 Ltd., Horizon II Aviation 3 Ltd., and Horizon III Aviation 2 Ltd. for $22.5 million.

Prior to that, connected September 24, the institution had settled a quality with Engine Lease Finance Corporation (ELFC), which initially claimed $16.7 million, for a little amount.

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