SpiceJet has successfully settled its dispute with Willis Lease Finance Corporation, a leading global aircraft engine lessor, resulting in a substantial saving for the airline. As part of the agreement, Willis Lease has withdrawn its insolvency case against SpiceJet, closing yet another chapter in the airline’s ongoing efforts to strengthen its financial foundation.
This settlement follows a series of strategic agreements SpiceJet has secured in recent months, supported by an ₹ 3,000 Crore infusion through a Qualified Institutional Placement (QIP) in September 2024 and an additional INR 294.09 Crore infusion by promoter Ajay Singh. These funds…
