{"id":639802,"date":"2024-03-27T10:04:08","date_gmt":"2024-03-27T04:34:08","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=639802"},"modified":"2024-03-27T10:34:00","modified_gmt":"2024-03-27T05:04:00","slug":"spicejet-settles-rs-755-crore-liabilities-with-aircraft-lessor-edc","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/spicejet-settles-rs-755-crore-liabilities-with-aircraft-lessor-edc\/","title":{"rendered":"SpiceJet settles Rs 755 crore liabilities with aircraft lessor EDC"},"content":{"rendered":"<p>SpiceJet on Tuesday said it had signed an agreement with aircraft lessor Export Development Canada (EDC) to settle liabilities worth Rs 755 crore. <\/p>\n<p>This pact will allow the airline to take ownership of 13 of the 15 Bombardier Q400 aircraft financed by EDC. <\/p>\n<p>\u201cThis settlement marks the biggest breakthrough in SpiceJet\u2019s financial restructuring efforts to date,\u201d it stated. <\/p>\n<p>SpiceJet has been facing a cash crunch for the past few quarters. It is also dealing with multiple court cases regarding money owed to former owner Kalanithi Maran, financial services firm Credit Suisse, aircraft lessors and engine lessors.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>SpiceJet on Tuesday said it had signed an agreement with aircraft lessor Export Development Canada (EDC) to settle liabilities worth Rs 755 crore. This pact will allow the airline to take ownership of 13 of the 15 Bombardier Q400 aircraft financed by EDC. \u201cThis settlement marks the biggest breakthrough in SpiceJet\u2019s financial restructuring efforts to date,\u201d it stated. SpiceJet has been facing a cash crunch for the past few quarters. It is also dealing with multiple court cases regarding money owed to former owner Kalanithi Maran, financial services firm Credit Suisse, aircraft lessors and engine lessors.<\/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-639802","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\/639802","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=639802"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/639802\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=639802"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=639802"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=639802"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}