Defence Monitor

Celestial Aviation

SpiceJet settles Rs 250 crore dispute with lessor Celestial Aviation

SpiceJet settles Rs 250 crore dispute with lessor Celestial Aviation

New Delhi, Feb 28, Budget airline SpiceJet and Celestial Aviation, a subsidiary of AerCap, one of the largest aircraft lessor groups have mutually settled their Rs 250 crore dispute through amicable negotiations, the company said on Wednesday. Ajay Singh, Chairman and Managing Director, SpiceJet, said, "SpiceJet and Celestial Aviation have successfully resolved our Rs 250 crore dispute through mutual agreement." "This settlement marks a significant step forward for both parties and underscores our commitment to finding amicable solutions to complex challenges. With this resolution, we can now focus on revamping our fleet and driving our business forward. I am grateful…
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