SpiceJet is set to take delivery of a Q400 aircraft from Nordic Aviation Capital (NAC) as part of a settlement agreement inked last year. This agreement resolves all previous liabilities for the Q400s leased by NAC to SpiceJet, granting the airline complete ownership of six Q400s.
The airline already has five Q400 aircraft that were previously owned by NAC, with ownership now transferred to SpiceJet. This agreement not only signifies significant long-term savings for SpiceJet but also frees the airline from the burden of monthly rentals for these aircraft, the company said in a statement.
