SpiceJet shares rise 2% as it enters into settlement with aircraft lessor

Shares of SpiceJet on Tuesday climbed nearly 2 per cent after the company entered into a settlement with aircraft lessor Goshawk Aviation and its affiliated entities.

Spicejet Express
Spicejet
Press Trust of India New Delhi
1 min read Last Updated : Aug 16 2022 | 6:23 PM IST

Shares of SpiceJet on Tuesday climbed nearly 2 per cent after the company entered into a settlement with aircraft lessor Goshawk Aviation and its affiliated entities.

The stock advanced 1.96 per cent to settle at Rs 46.75 apiece on the BSE. During the day, it climbed 4.14 per cent to Rs 47.75.

On Tuesday, SpiceJet announced that it has entered into a settlement with aircraft lessor Goshawk Aviation and its affiliated entities related to two Boeing 737 Max aircraft and one Boeing 737-800 NG aircraft.

Goshawk Aviation Limited is one of the main lessors of Max aircraft of SpiceJet, the airline's statement noted.

"The settlement with Goshawk follows SpiceJet's successful settlements with De Havilland Aircraft of Canada Limited, Credit Suisse, Boeing, CDB Aviation, BOC Aviation and Avolon," it mentioned.

SpiceJet and Goshawk have agreed to settle all their disputes under the aircraft lease agreements for three aircraft, it said.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

Subscribe to Business Standard digital and get complimentary access to The New York Times

Quarterly Starter

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

Save 46%

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Access to Exclusive Premium Stories Online

  • Over 30 behind the paywall stories daily, handpicked by our editors for subscribers

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

Topics :aviation SpiceJetSpiceJetSpiceJet stock

First Published: Aug 16 2022 | 6:23 PM IST

Next Story