SpiceJet settles dispute with lessor, seeks Rs 200-cr loan to clear dues

SpiceJet has decided to end its dispute with aircraft lessor Goshawk Aviation. It is also seeking a Rs 200-crore loan under the Emergency Credit Line Guarantee Scheme (ECLGS) to clear pending dues and induct new planes.

The airline on Tuesday announced that it had entered into a settlement with the lessor and its affiliates over a payment dispute related to three Boeing 737 aircraft. Goshawk Aviation had sued SpiceJet in a UK court for $ 16 million following default in lease payments. The court recognised default but ordered mediation in its order last May.

In a statement, SpiceJet said both