SpiceJet, one of India’s low-cost carriers (LCC), has received positive news from Acuite Ratings & Research, an Indian credit rating agency. Acuite has upgraded SpiceJet’s credit outlook to “stable,” a notable improvement given the challenges faced by many airlines in recent years. The credit agency has assigned SpiceJet a long-term rating of B+ and a…
SpiceJet, the prominent low-cost airline based in India, has been ordered to pay $3.7 million, along with applicable interest, to Aerocare Aviation Services following an eight-year legal dispute. The ruling brings closure to a prolonged financial disagreement between the two parties and underscores the importance of clear contractual and service agreements within the aviation sector.
Indian airline SpiceJet is facing an insolvency petition filed by Eusu Logistics in the National Company Law Tribunal (NCLT) over unpaid dues totaling ₹1.94 crore. This development follows ongoing financial challenges for the airline, which has recently settled multiple creditor disputes, including a significant $4.5 million agreement with Shannon Engine Support. SpiceJet’s financial restructuring efforts…
Indian low-cost carrier SpiceJet has resolved its longstanding dispute with Shannon Engine Support (SES), an Ireland-based engine leasing company, through a settlement agreement valued at $2 million.
