SpiceJet achieves a landmark settlement with BBAM

SpiceJet has achieved a significant financial milestone with the amicable settlement of its dispute with its the lessors, Horizon Aviation 1, Horizon II Aviation 3, and Horizon III Aviation 2, which are the lessors under the management of Babcock & Brown Aircraft Management (BBAM). The dispute, valued in aggregate at $131.85 million (approximately ₹1,107 crore) with aforesaid lessors has been resolved for $22.5 million.