SpiceJet announces a settlement agreement with Export Development Canada (EDC) to resolve liabilities amounting to Rs 755 crore, resulting in savings of Rs 567 crore. Under the deal, SpiceJet will acquire 13 EDC-financed A400 aircraft, leading to a comprehensive revitalization of its balance sheet. SpiceJet's shares surged 3.3% to Rs 60.7 per share following the announcement.
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