{"id":636496,"date":"2024-02-27T10:07:10","date_gmt":"2024-02-27T04:37:10","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=636496"},"modified":"2024-02-27T10:50:38","modified_gmt":"2024-02-27T05:20:38","slug":"spicejet-rallies-over-4-as-it-settles-dispute-with-celestial-aviation","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/spicejet-rallies-over-4-as-it-settles-dispute-with-celestial-aviation\/","title":{"rendered":"SpiceJet rallies over 4% as it settles dispute with Celestial Aviation"},"content":{"rendered":"<p>Shares of budget-carrier SpiceJet zoomed 4.4 per cent to Rs 70.4 apiece on the BSE in Monday&#8217;s intraday trade after the airline told the National Company Law Tribunal (NCLT) that their dispute with aircraft lessor Celestial Aviation is &#8220;practically settled&#8221; and only formalities remain. <\/p>\n<p>At 12:35 PM, shares of Ajay Singh-owned airline were trading 2 per cent higher at Rs 68.86 per share as against 0.5 per cent dip in the benchmark S&amp;P BSE Sensex. Sharea of peer firm InterGlobe Aviation, meanwhile, were down 1 per cent. <\/p>\n<p>With this, aircraft lessor Celestial Aviation, that had demanded unpaid dues of $30 million, is expected to withdraw its insolvency plea against the carrier. Celestial, however, told the NCLT that while they have received payments, SpiceJet had missed certain agreed upon payment deadlines.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Shares of budget-carrier SpiceJet zoomed 4.4 per cent to Rs 70.4 apiece on the BSE in Monday&#8217;s intraday trade after the airline told the National Company Law Tribunal (NCLT) that their dispute with aircraft lessor Celestial Aviation is &#8220;practically settled&#8221; and only formalities remain. At 12:35 PM, shares of Ajay Singh-owned airline were trading 2 per cent higher at Rs 68.86 per share as against 0.5 per cent dip in the benchmark S&amp;P BSE Sensex. Sharea of peer firm InterGlobe Aviation, meanwhile, were down 1 per cent. With this, aircraft lessor Celestial Aviation, that had demanded unpaid dues of $30 [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,167,130],"tags":[],"class_list":["post-636496","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-civil-aviation-business-standard-newspapers","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/636496","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=636496"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/636496\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=636496"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=636496"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=636496"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}