SpiceJet shares jump 8% on settling Rs 1,100 crore dispute with lessors

Posted on October 9, 2024
By Business News Today
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SpiceJet shares jump 8% on settling Rs 1,100 crore dispute with lessors

Shares of SpiceJet surged over 8% after settling a significant ₹1,107 crore dispute with lessors for $22.5 million. This follows the airline's recent resolution of a $16.7 million dispute with Engine Lease Finance Corporation. SpiceJet is now preparing to expand its fleet and improve financial stability.