SpiceJet Settles $132 Million Dispute With Aircraft Leasing Firm BBAM

Wednesday, 9 October 2024Newsdesk

The dispute, valued at USD 131.85 million (Rs 1,107 crore) with the lessors -- Horizon Aviation 1 Ltd, Horizon II Aviation 3 Ltd, and Horizon III Aviation 2 Ltd -- has been resolved for USD 22.5 million, SpiceJet said in a statement.

New Delhi 09 October 2024

As per news report of NDTV,Budget carrier SpiceJet on Wednesday said it has amicably settled a USD 132-million dispute with aircraft leasing firm Babcock & Brown Aircraft Management (BBAM). The dispute, valued at USD 131.85 million (Rs 1,107 crore) with the lessors -- Horizon Aviation 1 Ltd, Horizon II Aviation 3 Ltd, and Horizon III Aviation 2 Ltd -- has been resolved for USD 22.5 million, SpiceJet said in a statement.

Source - NDTV