SpiceJet to settle $91 million liabilities | India News


NEW DELHI: SpiceJet has reached a settlement with Export Development Canada to resolve liabilities valued at $91 million (Rs 755 crore), the airline stated in a submitting on Tuesday. The liabilities stem from a mortgage acquired by the airline in 2011 for procuring 15 plane. As a part of the settlement, SpiceJet pays a settlement quantity and purchase possession of 13 EDC-financed Q400 plane.With 12 of those Q400s at the moment grounded, their return to service “will enable SpiceJet to promptly launch flights on numerous routes.” TNN

Nilesh Desai
Nilesh Desaihttps://www.TheNileshDesai.com
The Hindu Patrika is founded in 2016 by Mr. Nilesh Desai. This website is providing news and information mainly related to Hinduism. We appreciate if you send News, information or suggestion.


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