Low-cost Indian airline SpiceJet has announced a settlement with aircraft leasing firm Cross Ocean Partners, effectively resolving a dispute amounting to approximately $11.2 million (Rs 93 crore), through an exchange filing on Tuesday.
The agreement was disclosed before the Delhi High Court during the ongoing execution petition filed by Cross Ocean Partners. The mutually beneficial agreement between the two parties is anticipated to yield substantial savings for SpiceJet while bringing an end to the protracted disagreement.
