SpiceJet resolves USD 90.8 million liabilities, gains full ownership of Q400 planes
The settlement, considered the largest in SpiceJet's financial history, is expected to generate savings of USD 68.3 million (INR 567 Crore) for the airline, providing a substantial boost to its balance sheet and financial stability. A key aspect of the agreement involves SpiceJet acquiring complete ownership of 13 Q400 aircraft previously financed by EDC.
The settlement, considered the largest in SpiceJet's financial history, is expected to generate savings of USD 68.3 million (INR 567 Crore) for the airline, providing a substantial boost to its balance sheet and financial stability. A key aspect of the agreement involves SpiceJet acquiring complete ownership of 13 Q400 aircraft previously financed by EDC.
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