© thehindu.comSpiceJet up 3% on settling $23 mn dispute with Aircastle & Wilmington Trust
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SpiceJet share price: Domestic carrier SpiceJet shares rose as much as 3.48 per cent to hit an intraday high of Rs 68 per share on Tuesday, October 15, 2024.
The spike in SpiceJet share price came after the company announced that it has settled a $23.39 million dispute with Aircastle (Ireland) & Wilmington Trust SP Services (Dublin) Limited for $5 million.
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In a statement, the company said, “SpiceJet is pleased to announce that it has successfully settled a $23.39 million dispute with Aircastle (Ireland) Designated Activity Company and Wilmington Trust SP Services (Dublin) Limited for an aggregate sum of $5 million, together with agreement in relation to the treatment of certain aircraft engines.”
“ We have successfully resolved this long-standing dispute with Aircastle and Wilmington Trust. With this and other significant settlements, SpiceJet continues to strengthen its financial position and…
Ajay Singh,
SpiceJet settles $23.39 mn dispute with Aircastle, Wilmington Trust