Home / Companies / News / SpiceJet settles dispute with lessor, seeks Rs 200-cr loan to clear dues

SpiceJet settles dispute with lessor, seeks Rs 200-cr loan to clear dues

The airline on Tuesday announced that it had entered into a settlement with the lessor and its affiliates over a payment dispute related to three Boeing 737 aircraft

The Delhi-bound SpiceJet airplane following its emergency landing after it caught fire mid-air, at Jai Prakash Narayan Airport, in Patna (Photo: PTI)

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Goshawk Aviation had sued SpiceJet in a UK court for $ 16 million following default in lease payments. The court recognised default but ordered mediation in its order last May.

Aneesh Phadnis Mumbai

2 min read Last Updated : Aug 16 2022 | 10:40 PM IST

SpiceJet has decided to end its dispute with aircraft lessor Goshawk Aviation. It is also seeking a Rs 200-crore loan under the Emergency Credit Line Guarantee Scheme (ECLGS) to clear pending dues and induct new planes.

The airline on Tuesday announced that it had entered into a settlement with the lessor and its affiliates over a payment dispute related to three Boeing 737 aircraft. Goshawk Aviation had sued SpiceJet in a UK court for $ 16 million following default in lease payments. The court recognised default but ordered mediation in its order last May.

In a statement, SpiceJet said both

Topics : SpiceJet Aviation industry Indian airlines

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