Go Unlimited with Magzter GOLD
Get unlimited access to 10,000+ magazines, newspapers and Premium stories for just
Try GOLD - Free
Aircastle settles insolvency case with SpiceJet for $5.6mn
Mint Mumbai
|November 28, 2024
In a relief to SpiceJet, Ireland-based aircraft lessor Aircastle has withdrawn its insolvency case against the budget airline after reaching a $5.6 million settlement.
Both parties informed the National Company Law Tribunal (NCLT) in Delhi about the settlement on Wednesday, after which the court approved the withdrawal of the case.
This marks another instance of the airline settling its disputes with creditors after raising ₹3,000 crore through a qualified institutional placement (QIP).
In October, the airline had announced the resolution of a $23.39 million dispute with Aircastle (Ireland) Designated Activity Co. and Wilmington Trust SP Services (Dublin) Ltd. The matter was settled for $5 million, along with an agreement regarding the treatment of certain aircraft engines.
This story is from the November 28, 2024 edition of Mint Mumbai.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM Mint Mumbai
Mint Mumbai
Al is rewriting the script
In a surprisingly short period of time, Artificial Intelligence has ripped into every aspect of life, business, arts, leisure, society, entertainment.
1 mins
January 24, 2026
Mint Mumbai
Adani Group shares fall up to 15% after US SEC move
News of the US market regulator seeking to send summons in a bribery case directly to Adani Group promoter Gautam Adani and his nephew Sagar sent the group’s listed stocks tumbling between 3% and 15% on Friday.
2 mins
January 24, 2026
Mint Mumbai
The unseen hands behind India's rich botanical history
H.J. Noltie's new work sheds light on the lives of painters who were largely erased by their British colonial masters
4 mins
January 24, 2026
Mint Mumbai
A commitment to elevating patient care standards at CARE CIIGMA Hospitals
Founded in 2007 by Dr Unmesh Vidyadhar Takalkar, CIIGMA Hospital has emerged a revolutionary force in the healthcare landscape of Marathwada.
2 mins
January 24, 2026
Mint Mumbai
Vastu corrections without demolition
Internationally renowned Vastu expert Vimal Jhajharia and his son Vikas Jhajharia-an MBA from Australia-offer nondestructive Vastu corrections for toilets facing northeast, for homes that are south-facing, for the quick sale of land, various financial issues, health problems, matrimonial problems and so on.
1 min
January 24, 2026
Mint Mumbai
Budget may ease MSME debt woes
Proposal includes doubling repayment period before NPA label
3 mins
January 24, 2026
Mint Mumbai
FPI exits, earnings upset slam Street
Indian equities ended the week battered and bruised, as sustained foreign portfolio investor (FPI) outflows, weakening earnings momentum and pre-budget jitters combined to drag benchmark indices sharply lower.
2 mins
January 24, 2026
Mint Mumbai
WhiteSpace Consulting & Capability Building: Healthcare consulting that delivers
In healthcare and life sciences, ideas are abundant.
1 min
January 24, 2026
Mint Mumbai
‘Train Dreams’ and the magic of the ordinary
Clint Bentley's film, starring Joel Edgerton, is a mysterious and intimate frontier story
3 mins
January 24, 2026
Mint Mumbai
Trai starts review of DLC tariffs after 10 yrs
Banks, IT firms and data centres could see price changes for the private high-speed broadband lines they use to move data securely and run critical operations, as the telecom regulator has initiated its first review of domestic leased circuits (DLCs) prices in over a decade.
1 min
January 24, 2026
Listen
Translate
Change font size