SpiceJet, Engine Lease Finance Corporation
SpiceJet settles million-dollar dispute with lessor, aims for 100 planes by 2026
The Indian low-cost carrier SpiceJet has struck a settlement with Engine Lease Finance Corporation to resolve a $16.7 million dispute between the two parties.
SpiceJet settles $16 million dispute with engine leasing company ELFC
SpiceJet has resolved its dispute with Engine Lease Finance Corporation by reaching a financial settlement. This comes after the airline raised ₹3,000 crore through a Qualified Institutional Placement.
SpiceJet finalizes settlement with Engine Lease Financial Corporation
SpiceJet has settled its $16.7 million dispute with Engine Lease Finance Corporation for an undisclosed lower amount. The airline raised Rs. 3000 crore through a highly successful Qualified Institutional Placement,
SpiceJet resolves $16.7 mn dispute with Engine Lease Finance Corporation
Representatives from both SpiceJet and ELFC are set to formalise the agreement, effectively ending all legal proceedings between the two
SpiceJet finalises settlement with ELFC, to resolve liabilities worth $16.7 mn
Spicejet's settlement with Engine Lease Finance Corporation comes amid the airline's wider initiatives to streamline operations for future growth
SpiceJet Settles Dispute With Engine Lease Finance Corporation For Undisclosed Amount
The settlement follows SpiceJet’s successful Rs 3,000 crore fundraise through a Qualified Institutional Placement (QIP).
SpiceJet Finalises Settlement with Engine Lease Finance Corporation to Resolve USD 16.7 Million Liabilities
SpiceJet has successfully raised INR 3000 crore through its recently concluded Qualified Institutional Placement (QIP), which investors significantly oversubscribed.
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DH Deciphers | The ramifications of SpiceJet's fundraise
In this edition of DH Deciphers, Abhilash Reddy, delves into the financial baggage SpiceJet is still carrying and if the ...
SpiceJet is losing big time. Who is gaining at its expense?
SpiceJet's domestic market share plummeted from 5.6% in January to 2.3% in August, carrying only 3.01 lakh passengers. While ...
Financial Turbulence: SpiceJet's New Debt Default Crisis
The National Company Law Tribunal (NCLT) has issued a notice to the SpiceJet. The notice was issued in response to a plea by ...
SpiceJet’s Share Sale Said to Lure Tata Mutual Fund Among Others
SpiceJet Ltd.’s $358 million share sale attracted bids from several large investors including Tata Mutual Fund, people ...
Mint Quick Edit | Will SpiceJet’s funding refill keep it airborne?
SpiceJet has raised ₹3,000 crore through a QIP and will also get ₹736 crore from an earlier round. To the extent the money ...
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SpiceJet Shares: Authum Investment Pares Rs 37-Crore Stake Via Bulk Deal
Authum Investment held a stake of 3.55% in SpiceJet till Sept. 20. The offloading of shares via the bulk deal has reduced its ...
NCLT issues notice to SpiceJet over another unpaid operational debt
NCLT issues notice to SpiceJet after Techjockey Infotech files plea over Rs 1.18 crore unpaid operational debt. Hearing set ...
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SpiceJet QIP: Rs 3,000 cr fresh funding! Cash-strapped airline to pay salaries, PFs to employees soon – Details
The cash-strapped Indian airline SpiceJet has got another fresh breather for going bankrupt following the successful fund ...