SpiceJet announced a settlement with Export Development Canada (EDC) worth Rs 755 crore, resulting in savings of Rs 567 crore. The agreement includes acquiring ownership of 13 EDC-financed Q400 aircraft, aiming to bolster the airline's balance sheet. Amid legal challenges and insolvency cases, only Carlyle Aviation Partners has agreed to convert lease arrears into a 5.91% stake Read The Rest at :
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