{"id":639879,"date":"2024-03-27T11:26:16","date_gmt":"2024-03-27T05:56:16","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=639879"},"modified":"2024-03-27T11:26:16","modified_gmt":"2024-03-27T05:56:16","slug":"spicejet-reaches-settlement-with-canadas-edc-to-resolve-liabilities-worth-rs-755-cr","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/spicejet-reaches-settlement-with-canadas-edc-to-resolve-liabilities-worth-rs-755-cr\/","title":{"rendered":"SpiceJet reaches settlement with Canada&#8217;s EDC to resolve liabilities worth Rs 755 cr"},"content":{"rendered":"<p>Private carrier SpiceJet has reached a settlement agreement with Export Development Canada (EDC) to resolve liabilities worth Rs 755 crore, the company said in a stock exchange filing on Tuesday.<\/p>\n<p>This settlement agreement will help SpiceJet save Rs 567 crore, it said. As part of the settlement agreement, SpiceJet will acquire 13 EDC-financed A400 aircraft. SpiceJet in 2011 had taken a loan to procure 15 Q400 aircraft, twelve of which are now grounded. &#8220;Their refurbishment and subsequent return to service will enable SpiceJet to promptly launch flights on numerous regional and UDAN routes,&#8221; SpiceJet said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Private carrier SpiceJet has reached a settlement agreement with Export Development Canada (EDC) to resolve liabilities worth Rs 755 crore, the company said in a stock exchange filing on Tuesday. This settlement agreement will help SpiceJet save Rs 567 crore, it said. As part of the settlement agreement, SpiceJet will acquire 13 EDC-financed A400 aircraft. SpiceJet in 2011 had taken a loan to procure 15 Q400 aircraft, twelve of which are now grounded. &#8220;Their refurbishment and subsequent return to service will enable SpiceJet to promptly launch flights on numerous regional and UDAN routes,&#8221; SpiceJet said.<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[192,130,136],"tags":[],"class_list":["post-639879","post","type-post","status-publish","format-standard","hentry","category-civil-aviation-the-economic-times","category-newspapers","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/639879","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\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=639879"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/639879\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=639879"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=639879"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=639879"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}