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SpiceJet Enters into Settlement Agreement with Aircraft Lessor

SpiceJet has entered into settlement agreement with aircraft lessor Goshawk Aviation Limited and its affiliated leasing entities namely Wilmington Trust SP Services (Dublin) Limited, Sabarmati Aviation Leasing Limited and Falgu Aviation Leasing Limited related to 2 Boeing 737 MAX aircraft and 1 Boeing 737-800 NG aircraft.

The parties have agreed to settle all their disputes under and related to the aircraft lease agreements for 3 aircraft. The agreement, the terms of which are confidential, ends all litigation proceedings between the parties. All proceedings, including before the UK Court and Execution Proceedings before the Delhi High Court will be withdrawn accordingly.

This will allow the entry into service of 2 more fuel-efficient Boeing 737 MAX aircraft into our fleet.

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