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SpiceJet reaches settlement with Shannon Engine Support Limited
October 28th 2024
India’s SpiceJet has resolved its dispute with Shannon Engine Support Limited (SES). Read More » In a regulatory filing, the LCC said the US$4.5 million claim filed by SES had been settled for an “aggregate sum of US$2 million” through amicable negotiations. “As part of the settlement, all ongoing litigation and disputes between the parties will be withdrawn,” SpiceJet said. The Mumbai airline has reached settlement agreements with Aircastle, Wilmington Trust, Babcock & Brown Aircraft Management and Engine Lease Finance Corporation.
