SpiceJet on Thursday said it has settled a dispute involving ₹413 crore with aircraft leasing firm Echelon Ireland Madison One Ltd, making it the third dispute settlement to be announced by the crisis-hit carrier in less than two weeks.
The latest settlement will result in savings of %398 crore, the airline said in a statement. As part of the settlement of the ₹413-crore dispute, SpiceJet will acquire two airframes. Generally, an airframe is an aircraft without engines.
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