SpiceJet settles a $90.8 million EDC dispute saving $68.3 million

SpiceJet has resolved a $90.8 million dispute with EDC, saving $68.3 million and gaining full ownership of 13 aircraft. This will decrease costs and improve financial stability, allowing for expansion of regional operations and new flights. The company has also paid off Rs 600 crore in dues and reached agreements with other lessors.