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Genesis to acquire stake in SpiceJet
Mint Bangalore
|December 20, 2024
SpiceJet on Thursday said aircraft lessor Genesis will acquire a stake worth $4 million in the airline as part of settling a more than $16 million dispute.
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For the settlement, the airline will also pay $6 million to Genesis. The budget carrier, which recently raised ₹3,000 crore amid financial headwinds, has been settling various disputes with lessors
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