SpiceJet and Engine Lease Finance have reached an out-of-court settlement
Image Credit: NewsBytes
Troubled budget airline SpiceJet and Engine Lease Finance Corporation Aviation Services Ltd. have reached an amicable agreement, putting a halt to proceedings in the Delhi High Court. During Monday's hearing, lawyers for both parties informed the court of the settlement and requested more time to finalize the details. The court granted their request, setting the next hearing for February 8, 2024.