SpiceJet up 3% on settling $23 mn dispute with Aircastle & Wilmington Trust

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SpiceJet up 3% on settling $23 mn dispute with Aircastle & Wilmington Trust - Business Standard

Quick Summary:

The spike in SpiceJet share price came after the company announced that it has settled a $23.

Since its inaugural flight in May 2005, SpiceJet has made major strides in the aviation industry, boasting a diverse fleet that includes Boeing 737 and Q400 aircraft.

It further said that both parties have reached this agreement through amicable negotiations, choosing to resolve the matter outside the courtroom.“As part of the settlement, all ongoing litigation and disputes between the parties will be withdrawn at the appropriate forums,” SpiceJet added.