In-principle understanding with Aircraft Lessor
Spicejet Ltd has informed BSE that the Company (SpiceJet Limited) has entered into an in-principle understanding with its five (5) lessors managed by BBAM Aircraft Leasing and Finance with regard to five (5) aircraft operated by the Company. Under the said understanding, the lessors have agreed to suspend court proceedings (including winding-up proceedings) and deregistration process of aircraft subject to SpiceJet satisfying the terms of settlement and parties executing definitive agreements.01-04-2015