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BENGALURU, Aug 16 (Reuters) – Indian low-cost carrier SpiceJet Ltd SPJT.NS said on Tuesday it has entered into a settlement agreement with aircraft lessor Goshawk Aviation Ltd and its affiliates related to three Boeing aircraft.
The airline said that the agreement – the terms of which are confidential – ends all litigation proceedings between the parties, adding that this will allow SpiceJet to add two more fuel-efficient Boeing 737 MAX aircraft and one Boeing 737-800 NG aircraft to its fleet.
Recently, SpiceJet has been in trouble with its lessors, Ireland-based Alterna Aircraft Ltd and United Arab Emirates aeronautics firm AWAS, who asked the Indian aviation regulator to de-register their planes.
Last week, Reuters reported lenders IDFC First Bank IDFB.NS, Yes Bank YESB.NS and Indian Bank INBA.NS, had put their loans to the airline in the high-risk category.
SpiceJet, however, had rejected the claims.
(Reporting by Nishit Navin in Bengaluru; Editing by Neha Arora)
((Nishit.Navin@thomsonreuters.com;))
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