SpiceJet Settles Disputes with Shannon Engine Support and Others

SpiceJet has resolved a USD 4.5 million dispute with Shannon Engine Support for USD 2 million, marking another in a series of recent settlements. The airline has also settled significant disputes with Aircastle, Horizon Aviation, and Engine Lease Finance Corporation through amicable negotiations.

Mumbai, Oct 25 PTI: In a move to stabilize its financial dealings, domestic carrier SpiceJet announced on Friday that it has settled a USD 4.5 million dispute with Shannon Engine Support Ltd (SES) for USD 2 million.

This latest settlement is part of a series of financial agreements the airline has reached in recent weeks, marking its commitment to resolving disputes through negotiation rather than litigation.

Previously, SpiceJet had amicably settled a USD 23.39 million dispute with Aircastle (Ireland) and Wilmington Trust, and a USD 131.85 million dispute with Horizon Aviation, significantly lowering the amounts through discussions.

(With inputs from agencies.)