“This settlement marks the biggest breakthrough in SpiceJet’s financial restructuring efforts to date,” the airline said in a statement.
SpiceJet has over the last few months reached settlements with multiple leasing companies, including AerCap, the world’s largest aircraft lessor, as the company looks to restore its grounded fleet and return to full capacity.
The settlement is also the latest in a series of cost-saving exercises at the cash-strapped airline, which said these would…
Read More…