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SpiceJet settles $90.8 mn dispute with EDC for $22.5 mn, gains complete ownership of 13 aircraft
SpiceJet has resolved its $90.8 million dispute with Export Development Canada (EDC) for just $22.5 million, resulting in a savings of $68.3 million. The settlement includes full ownership of 13 EDC-financed Q400 aircraft, which will reduce operational costs and eliminate monthly rental payments.