SpiceJet on Friday, October 25, introduced the profitable settlement of a $4.5 million dispute with Shannon Engine Help Restricted (SES), resolving the matter for a complete of $2 million. Each events have reached this settlement via amicable negotiations, selecting to resolve the matter outdoors the courtroom.
As a part of the settlement, all ongoing litigations and disputes between the events shall be withdrawn on the applicable boards, the airlinesaid in a press launch.
This settlement marks the newest in a sequence of great monetary agreements for SpiceJet. Simply days prior, on October 15, the airline settled a $23.39 million dispute with Aircastle (Eire) Designated Exercise Firm and Wilmington Belief SP Providers (Dublin) Restricted for an mixture sum of $5 million.
Moreover, on October 9, SpiceJet resolved a significant $131.85 million dispute with lessors Horizon Aviation 1 Ltd., Horizon II Aviation 3 Ltd., and Horizon III Aviation 2 Ltd. for $22.5 million.
Previous to that, on September 24, the corporate had settled a dispute with Engine Lease Finance Company (ELFC), which initially claimed $16.7 million, for a decrease quantity.
