SpiceJet resolves 23.39 million dispute with Aircastle (Ireland) & Wilmington Trust SP Services (Dublin)

SpiceJet has successfully settled a $23.39 million dispute with Aircastle (Ireland) Designated Activity Company and Wilmington Trust SP Services (Dublin) for an aggregate sum of $5 million, together with agreement in relation to the treatment of certain aircraft engines. Both parties have reached this agreement through amicable negotiations, choosing to resolve the matter outside the courtroom. As part of the settlement, all ongoing litigations and disputes between the parties will be withdrawn at the appropriate forums.