SpiceJet has successfully resolved its dispute with Willis Lease Finance Corporation, bringing an end to the legal battle over unpaid dues. The airline confirmed that both parties have reached a mutual agreement, ensuring the continuation of a smooth business relationship.
The dispute stemmed from pending payments related to leased aircraft engines. Willis Lease Finance Corporation had initiated legal proceedings against SpiceJet in a UK court, seeking recovery of outstanding amounts. However, following negotiations, the airline has now settled the issue amicably, avoiding further litigation.
This resolution is expected to strengthen SpiceJet’s financial stability as the airline continues its restructuring efforts. In recent months, SpiceJet has been actively working to clear its liabilities and secure fresh investments to sustain operations. The settlement with Willis Lease Finance Corporation marks another step in the airline’s ongoing efforts to stabilize its business and regain investor confidence.
SpiceJet has been navigating financial challenges, including issues with vendors and lessors, as it seeks to strengthen its fleet and improve operational efficiency. With this dispute now settled, the airline is focusing on expanding its network and ensuring reliable service for passengers.
